IRFC, NMDC, and CG Power shares turned ex-dividend on Friday, March 21, ahead of their scheduled dividend distributions. Investors who hold these stocks as of the record date will qualify for the announced payouts, which are set to be credited next month.
IRFC Dividend 2025: PSU’s second interim dividend for FY25
IRFC, the Navratna Indian Railway PSU, has declared a second interim dividend of Re 0.80 per share for the ongoing financial year. The stock is trading ex-dividend today, with March 21 as the record date. Eligible shareholders will receive their dividend on April 16.
In the previous financial year (FY24), IRFC paid a total dividend of Rs 1.50 per share, amounting to Rs 1,045.48 crore—similar to its FY23 payout. In FY22, the company distributed Rs 1,006.28 crore in dividends, translating to Rs 1.40 per share. With a dividend yield ranging between 6-9 per cent in recent years, IRFC remains attractive to income-focused investors.
NMDC Dividend: PSU declares first interim dividend for FY25
NMDC Ltd, India’s largest iron ore producer, is also trading ex-dividend today after announcing a dividend of Rs 2.30 per share. Investors who hold NMDC shares as of the record date (March 21) will receive their payout on April 16.
This marks NMDC’s first interim dividend for FY25. In December 2024, the stock turned ex-bonus in a 2:1 ratio, rewarding shareholders with two additional shares for every one held.
In FY24, NMDC distributed a total dividend of Rs 7.25 per share, amounting to Rs 1,685.11 crore. The company had paid Rs 5.91 per share (Rs 1,098.98 crore) in FY23 and Rs 14.74 per share (Rs 1,474 crore) in FY22. The dividend yield for NMDC has varied between 3.6-9 per cent, making it a preferred stock for dividend-seeking investors.
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CG Power Interim Dividend 2025
CG Power and Industrial Solutions Ltd is also on the ex-dividend list today after announcing an interim dividend of Rs 1.30 per share. The record date for eligibility is March 22, and shareholders holding the stock as of this date will receive their payout on April 16.
What does ex-dividend mean?
The ex-dividend date is when a stock starts trading without the value of its upcoming dividend. Investors who buy the stock on or after this date will not be eligible for the dividend. The record date, on the other hand, is used by companies to determine which shareholders qualify for the payout. Only those holding shares at the end of the record date will receive the dividend.