Six Public Sector Undertakings Announce Interim Dividends with Record Dates This Week

Six public sector undertakings have scheduled their dividend record dates between November 9 and November 13, giving investors clear timelines for upcoming payouts.

Dividend Schedule

Container Corporation of India, known as CONCOR, has fixed November 11 as the record date for its dividend of ₹1.9 per equity share, with payments set to go out on or after November 20. Housing and Urban Development Corporation, or HUDCO, has also set November 11 as the record date for a dividend of ₹1.35 per share. NBCC India announced a dividend of ₹0.25 per share with the same November 11 record date. RITES has declared a dividend of ₹1.90 per share, fixing November 11 as its record date, with payments scheduled for on or before December 3. Meanwhile, Oil and Natural Gas Corporation, or ONGC, and NLC India have both set November 12 as their record date. ONGC has announced a dividend of ₹8 per share, while NLC India has declared a dividend of ₹1.50 per share.

Context

Public sector undertakings frequently declare interim dividends to share profits with their shareholders throughout the financial year. The record date acts as the official cutoff point to decide which investors actually own the shares and qualify to receive the cash payout.