Investors in the Indian stock market have some exciting news as Indian Railway Finance Corporation Ltd (IRFC), NMDC Ltd, and CG Power and Industrial Solutions Ltd prepare to trade ex-dividend this Friday, March 21. This means if you hold shares in these companies by the end of the record date, you’re in line to receive their announced dividends next month. Let’s delve into the details of these dividend distributions.
IRFC’s Second Interim Dividend for FY25
IRFC, the financial backbone of Indian Railways, will officially trade ex-dividend today. The company has declared a second interim dividend of ₹0.80 per share for the financial year 2025. To qualify for this payout, shareholders must own the stock as of March 21, with payments scheduled for April 16.
- For FY24, IRFC’s total dividend stood at ₹1.50 per share, totaling ₹1,045.48 crore—a consistent figure compared to the previous fiscal year.
- In FY22, dividends amounted to ₹1,006.28 crore, translating to ₹1.40 per share.
- With a dividend yield fluctuating between 6-9%, IRFC remains a solid option for investors seeking income.
NMDC’s First Interim Dividend for FY25
Meanwhile, NMDC Ltd, renowned as India’s largest iron ore producer, is also going ex-dividend today. The company has announced a dividend of ₹2.30 per share, with March 21 designated as the record date for eligibility. Shareholders will receive their dividend on April 16.
- This marks NMDC’s first interim dividend for FY25, following a previous ex-bonus announcement in December 2024, where shareholders received two additional shares for every one held.
- In FY24, NMDC distributed a total of ₹7.25 per share, amounting to ₹1,685.11 crore.
- The dividends for FY23 and FY22 were ₹5.91 per share (₹1,098.98 crore) and ₹14.74 per share (₹1,474 crore), respectively.
- The company’s dividend yield has consistently ranged from 3.6-9%, making it a favored choice among dividend investors.
CG Power’s Interim Dividend Announcement
CG Power and Industrial Solutions Ltd joins the fray, trading ex-dividend today as well. The company has declared an interim dividend of ₹1.30 per share, with the record date set for March 22. Shareholders will receive their dividends on April 16.
What You Need to Know About Ex-Dividend and Record Dates
Understanding the ex-dividend and record dates is crucial for investors:
- The ex-dividend date is when a stock begins trading without the value of its upcoming dividend.
- The record date is when companies finalize their list of shareholders eligible for the dividend.
- Investors purchasing shares on or after the ex-dividend date will not qualify for the declared dividend. To be eligible, they must hold the stock before this date.
These upcoming dividend payouts present a significant opportunity for investors looking to enhance their income portfolio. If you’re considering investing, ensure you’re aware of these critical dates!
