Next week, numerous companies including HAL and IRCTC will distribute dividends, with over 60 companies scheduled to issue dividends between February 16 and February 20.
The Indian stock market is set for a wave of dividend announcements with over 60 companies planning to distribute dividends from February 16 to February 20. Notable companies on the list include Hindustan Aeronautics (HAL), Coal India, Bharat Forge, and the Indian Railway Catering and Tourism Corporation (IRCTC). The dividend distribution is expected to attract investor attention, especially for blue-chip stocks in the Indian market.
Apollo Hospitals Enterprise, a leader in the healthcare sector, will begin the week by announcing an interim dividend of ₹10 per share, with a record date of February 16. Other companies like Escorts Kubota and Torrent Power are also declaring dividends, with Escorts giving ₹18 per share and Torrent Power distributing ₹15 per share. The list of companies spans multiple sectors, including finance and manufacturing, indicating a broad base of investor interest across industries.
On February 17, Majestic Auto is set to announce a dividend of ₹35 per share, while the Shipping Corporation of India will provide ₹3.50 per share. Companies such as Uniparts India and IIFL Capital Services will contribute smaller dividends as well, showcasing a diverse approach to rewarding shareholders. Overall, this wave of dividends illustrates the financial health of these companies and their commitment to return value to investors amidst a recovering economy.
