NMDC declares interim dividend of Rs 2.30 per share

NMDC has declared an interim dividend of Rs 2.30 per share for the financial year 2024-2025. The record date for this dividend is March 21, and shareholders will receive payment on April 16. NMDC is the largest producer of iron ore in India and has a strong history of paying dividends. In the past three financial years, NMDC paid Rs 7.25 per share in FY24, Rs 5.91 in FY23, and Rs 14.74 in FY22. Other public sector undertakings (PSUs) are also in focus. The Indian Railway Finance Corporation (IRFC) announced an interim dividend of Re 0.80 per share for FY25. Like NMDC, the record date is March 21, and payment will be made on April 16. IRFC has consistently paid dividends, with Rs 1.50 per share in FY24 and Rs 1.40 in FY22. Power Grid shares will go ex-dividend on March 19, following a declaration of an interim dividend of Rs 3.5 per share. The payment is scheduled for April 11. Additionally, Mishra Dhatu Nigam Ltd may announce an interim dividend on March 19, and its ex-date will be March 25, depending on the announcement. Overall, many PSU stocks are attracting investor attention due to their dividend payouts this financial year. The dividend yields for these companies generally range from 3.6% to 9%.