PSU Watch Bureau
A dividend is a distribution of profits given by companies to their shareholders. When it comes to PSUs, they are not as popular as high dividend-paying stocks, but one may earn a steady income from their investments in PSUs. Here is a list to consider.
REC is a Maharatna PSU under the Power Ministry. It declared a dividend of 153 percent, amounting to Rs 15.3 per share for FY 2022-23.
HUDCO is PSU under the Ministry of Housing and Urban Affairs. It declared a dividend of 35 percent, amounting to Rs 3.5 per share for FY 2022-23.
Coal India Ltd is a Maharatna PSU under the Coal Ministry. It declared a dividend of 170 percent, amounting to Rs 17 per share for FY 2022-23.
Oil India is PSU a Navratna PSU under the Petroleum Ministry. It declared an equity dividend of 142.50 percent, amounting to Rs 14.25 per share for FY 2022-23.
Indian Oil is a Maharatna PSU under the Petroleum Ministry. It declared an equity dividend of 114 percent, amounting to Rs 11.4 per share for FY 2022-23.
POWER GRID is a Maharatna PSU under the Ministry of Power. It declared a dividend of 147.50 percent, amounting to Rs 14.75 per share for FY 2022-23.
PFC Ltd is a Maharatna PSU under the Ministry of Power. It declared an equity dividend of 120 percent, amounting to Rs 12 per share for FY 2022-23.
IRFC is a PSU under the Ministry of Railways. It declared an equity dividend of 14 percent, amounting to Rs 1.4 per share for FY 2022-23.
RITES Ltd is a PSU under the Ministry of Railways. It declared an equity dividend of 170 percent, amounting to Rs 17 per share for FY 2022-23.