A handful of dividend-paying stocks, including NMDC Ltd, Indian Railway Finance Corporation (IRFC), CG Power and Industrial Solutions Ltd, and Acceleratebs India, are set to trade ex-dividend today. Investors who hold these stocks on or before March 21 will be eligible for dividend payments. Meanwhile, seven other companies have fixed March 21 as the record date for stock splits and bonus issues, a move that could impact market dynamics.
NMDC Declares First Interim Dividend for FY25
State-owned NMDC Ltd has announced its first interim dividend of Rs 2.30 per share for the financial year 2024-25. The mining giant, classified as a Navratna PSU, confirmed in a stock exchange filing that the dividend will be disbursed within the prescribed timelines.
NMDC shares opened at Rs 66.60 on the Bombay Stock Exchange (BSE) today. Investors holding NMDC shares on March 21 will qualify for the payout. The company, known for its iron ore production, continues to generate strong cash flows, supporting consistent shareholder returns.
“The Board of Directors of the Company in its meeting held on Monday, 17th March 2025 inter-alia declared 1st Interim Dividend @ Rs 2.30 per equity share of face value of Rs 1/- each for FY25,” NMDC stated in its regulatory filing.
IRFC Shareholders to Receive Rs 0.80 Dividend Per Share
IRFC, the financing arm of the Indian Railways, has announced an interim dividend of Rs 0.80 per share for FY25. The stock will trade ex-dividend today, and investors who held shares until March 21 will be eligible for the payout.
The company confirmed that the dividend payment aligns with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations. IRFC shares saw a 1.17% uptick, trading at Rs 129.95 per share in early market activity. Over the past month, the stock has gained approximately 3.86%.
CG Power and Industrial Solutions Fixes Dividend at Rs 1.30 Per Share
CG Power and Industrial Solutions Ltd, part of the BSE 200 index, has declared a dividend of Rs 1.30 per share for FY25. The power solutions provider set March 21 as the ex-dividend date, confirming that investors on record by this date will qualify for the payout.
The stock was up 0.08% during early trading today, reaching Rs 655 per share. CG Power has been on investors’ radar due to its stable financials and dividend consistency.
Acceleratebs India Announces 8% Dividend
Acceleratebs India, a microcap IT solutions company, declared a dividend of 8%, equivalent to Rs 0.80 per share. The firm, with a market capitalization of Rs 45.18 crore, set March 21 as the record date.
The stock was trading 1.86% higher at Rs 131.40 during early sessions today. Given its size, Acceleratebs India’s dividend move signals confidence in its financial health and growth prospects.
Corporate Actions: Stock Splits and Bonus Issues on the Horizon
Besides these dividend stocks, seven companies have earmarked March 21 for stock splits and bonus share distributions. A record date ensures that only shareholders listed in the company’s books by that date benefit from these corporate actions.
While dividend distributions attract long-term investors, stock splits and bonus issues typically enhance liquidity, making stocks more accessible to retail participants. Companies often undertake these measures to optimize share pricing and expand investor reach.
With market volatility persisting, dividend-paying stocks remain an attractive option for investors seeking stable returns amid broader market fluctuations.
