Big Dividend Bonanza! Top Indian Companies Announce Payouts

Big Dividend News for Indian Investors!

This week is bringing [[good news]] for many investors in India! Several major companies have announced interim dividends, sharing profits with their shareholders. This is based on their December quarter earnings. Among the companies sharing the wealth are giants like Oil and Natural Gas Corp. Ltd. (ONGC), Power Grid Corp. Ltd., and Garden Reach Shipbuilders & Engineers Ltd. It’s [[important]] to understand how dividends work. The record date is key; it determines who gets the dividend payment. Remember, if you buy shares on the record date itself, under India’s T+1 settlement system, you won’t get the dividend. The ex-dividend date comes before the record date; this is when the share price changes to show the upcoming payout.

Container Corp’s Generous Dividend

Container Corp, a major logistics player, declared a third interim dividend of Rs 4.25 per share, totaling Rs 258.95 crore. The record date is February 6th, with payments starting on or after February 18th. This is great [[latest business news]] for investors. Earlier this year, they already gave out interim dividends of Rs 3.25 per share (November 14th) and a final dividend of Rs 2.50 per share (September 17th).

Sun Pharma’s Healthy Payout

Sun Pharmaceutical Industries, a name synonymous with quality medicines, announced an interim dividend of Rs 10.50 per share. The record date is February 6th, with payments by February 20th. This follows a final dividend of Rs 5 per share paid on July 12th. This is definitely some [[positive market analysis]].

ONGC’s Continued Dividend Spree

ONGC, a crucial part of India’s oil sector, declared a second interim dividend of Rs 5 per share. The record date is February 7th. This adds to their earlier interim dividend of Rs 6 per share (November 11th, 2024) and a final dividend of Rs 2.50 per share (August 23rd, 2024).

Power Grid Corp’s Steady Dividend

Power Grid Corp, vital for India’s power transmission, announced a second interim dividend of Rs 3.25 per share. The record date is February 7th, with payments on February 28th. This follows an earlier interim dividend and a final dividend paid earlier in the year.

Other Companies Sharing the Wealth

Several other companies also announced dividends. Nestle India declared Rs 14.25 per share (record date: February 7th), Garden Reach Shipbuilders & Engineers Ltd. announced Rs 8.95 per share (record date: February 7th), Marico declared Rs 3.50 per share (record date: February 7th), and NLCC India declared Rs 1.50 per share (record date: February 7th). GAIL (India) also announced an interim dividend of Rs 6.50 per share (record date: February 7th). This shows a healthy and positive [[business news]] outlook for the [[Indian market]].

Stay Updated on Market News!

These dividend announcements are a big part of the latest business updates. For more details and the latest financial news, make sure to keep checking for regular updates. Stay informed to make smart investment decisions!

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