OIL, Power Grid, CONCOR to trade ex-dividend tomorrow. Do you own?

Shares of Oil India Ltd, Power Grid and Container Corporation (CONCOR) are likely to remain in focus today as these companies had fixed November 14 as the record date for the purpose of determining shareholder eligibility for their declared dividends.

This means today is the last day to buy shares of these companies to qualify for the announced dividends.

After implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.

Oil India (OIL)

The board of OIL announced an interim dividend of Rs 3 per share earlier this month for the financial year 2024-25, fixing November 15 as the record date for the purpose.

Since November 15 is a market holiday, November 14 becomes the cut-off date for determining shareholder eligibility.

“The Board of Directors in its meeting held today i.e. on 05th November,2O24 have inter-alia approved the following business items: a) lnterim Dividend of Rs. 3 /- per share (30% of paid-up capital) for the financial year 2024-25. b) Friday, 15th November, 2024 as the Record Date for ascertaining the eligibility of shareholders for payment of lnterim Dividend 2024-25,” said the company in an exchange filing.

The company further informed that the said dividend will be paid to the shareholders on or before December 4.

In the past 12 months, Oil India has declared equity dividends amounting to Rs 14.50 per share and at share price of Rs 498.50, the company's dividend yield is 2.91%.

Adjusting for bonus/splits the dividend yield is 2.11%.

Power Grid

The board of Power Grid announced its first interim dividend of Rs 4.50 per share earlier this month for the financial year 2024-25, fixing November 14 as the record date for the purpose.

“This is to inform that the Board of Directors of POWERGRID (‘the Company’), at its meeting held today i.e. Wednesday, 06th November, 2024, has inter-alia considered and approved the following: Payment of 1st (first) Interim Dividend of Rs. 4.50/- per equity share,” a previous company filing to the exchange said.

The company had also informed that the said dividend will be paid to the shareholders on or before December 4.

In the past 12 months, Power Grid Corporation has declared equity dividends amounting to Rs 11.25 per share and at a share price of Rs 322.80, the company’s dividend yield is 3.49%.

CONCOR

CONCOR board had announced its second interim dividend of Rs 3.25 per share earlier in the month of October for the financial year 2024-25, fixing November 15 as the record date for the purpose.

“The Board has declared 2nd Interim Dividend for FY 2024-25 of 65% i.e. Rs.3.25 per equity share of face value of Rs.5/- each amounting to Rs.198.02 crores. The record date for the purpose of payment of Interim Dividend has been fixed as 15.11.2024,” said the company filing.

The announced dividend will be paid to the eligible shareholders on or after November 22, said the exchange filing.

In the past 12 months, CONCOR has declared an equity dividend amounting to Rs 11.50 per share and at a share price of Rs 815.60, CONCOR's dividend yield is 1.41%.

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