The only PSU stock with an upcoming dividend is RITES. The company will pay a final dividend of Rs 2.65 per share for the financial year 2025.
63 Moons Tech has announced a final dividend of Rs 1.2, while KRBL will issue a dividend of Rs 3.5.
Other notable names include Garware Hi-Tech Films Ltd., Prakash Industries Ltd., Zuari Industries Ltd., Indo Amines Ltd., Panasonic Energy India Co., International Conveyors Ltd. and Shilpa Medicare Ltd.
Dividends are a way for companies to reward shareholders. It is the portion of profits that a company distributes to its shareholders and is essentially a return on the investment shareholders make in the company’s equity. Such payments are made through final, interim, and special dividends.
Dividends are taxable in the hands of the shareholders, and companies are no longer required to pay the Dividend Distribution Tax (DDT). The TDS on dividend income for resident individuals is 10% if the dividend amount exceeds Rs 5,000 in a financial year.
