These 5 PSE companies are likely to declare dividends next week

As investors keenly monitor the financial performance of companies, one key aspect that often captures their attention is the declaration of dividends. Dividends reflect a company’s financial strength and commitment to rewarding its shareholders. In the upcoming week, five notable companies are expected to announce their dividends, offering investors an opportunity to make informed decisions. Let’s explore the five PSE companies likely to announce dividends next week along with the quarterly results.

BEML

BEML Ltd manufactures a wide range of heavy earthmoving equipment catering to the mining and construction industry, as well as vehicles for defence forces and coaches for the metro and Indian Railways.

It is scheduled to announce its results on 8th February 2024, Last year, during the same quarter, BEML declared a dividend of Rs 5 per share. The company’s stock closed at Rs 3831.30 per share today on the BSE.

IRCON International Limited

IRCON International Limited (IRCON) commenced its business in 1976 as a railway construction company. It diversified progressively since 1985 as an integrated engineering and construction PSU, specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc.

IRCON is set to declare its results on 8th February 2024, with the record date for dividends being 16th February 2024. In the third quarter of the previous year, IRCON announced a dividend of Rs 1.8 per share. This year’s announcement will be closely watched as investors look for signals of continued financial stability and growth. The company’s stock closed at Rs 232.60 per share today on the BSE.

Power Finance Corporation Limited

Power Finance Corporation Limited is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company. It is engaged in extending financial assistance to the Indian power sector.

PFC is also slated to announce its results on 8th February 2024. Last year, PFC declared a dividend of Rs 3.5 per share during the same quarter. The company’s stock closed at Rs 450.65 per share today on the BSE.

Power Grid Corporation of India

Power Grid Corporation of India Limited is a Maharatna CPSU and India’s largest electric power transmission company.

Power Grid is expected to announce its results on 7th February 2024, and the record date for dividend is set for 15th February 2024. In the third quarter of the previous year, Power Grid declared a dividend of Rs 5 per share. Investors are eagerly anticipating the announcement to evaluate the company’s financial strength and dividend potential. The company’s stock closed at Rs 276.70 per share today on the BSE.

SJVN Limited

SJVN is engaged in the business of electricity generation. The company is also involved in providing consultancy services for hydropower projects.

The company is scheduled to announce its results on February 09, 2024, with the record date for dividends yet to be disclosed. In the third quarter of the previous year, SJVN declared a dividend of Rs 1.15 per share. The company’s stock closed at Rs 142.25 per share today on the BSE.

Investors should keep these stocks on their radar.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.