Four state-run firms set dividend record dates this week

Shares of four public sector undertakings are in focus this week as investors track upcoming dividend record dates. These companies have set their record dates between Monday, November 16, and Friday, November 20.

Dividend Details

Cochin Shipyard and the Shipping Corporation of India have both fixed Monday, November 16, as their record date. Cochin Shipyard announced an interim dividend of three rupees per share, while the Shipping Corporation of India announced a dividend of four rupees per equity share for the financial year twenty-twenty-seven. Power Finance Corporation has set Tuesday, November 17, as its record date after its board approved a dividend of four rupees and ten paise per share. Finally, Oil India Limited has fixed Friday, November 20, as the record date for its interim dividend of seven rupees per equity share.

Context

Dividend record dates are important for investors because a shareholder must own the company's stock by that specific date to be eligible to receive the announced payout. Public sector undertakings often attract retail and institutional investors through regular dividend distributions.