Several prominent Indian companies across diverse sectors have announced interim dividends for Q2 2024-25, demonstrating their commitment to shareholder value creation. From automobile manufacturing giants to digital leaders, these companies are maintaining strong dividend policies despite market fluctuations.
The announcements, with ex-dividend dates falling next week, span various sectors including automotive, paints, shipbuilding, energy, and digital services, offering investors opportunities for dividend income while reflecting the companies’ robust financial health and positive business outlook.
1. Ashok Leyland
Ashok Leyland, a leading commercial vehicle manufacturer in India, primarily produces trucks, buses, and engines. For the fiscal year 2024-25, Q2 the company announced an interim dividend of INR 2 per share, representing 200% of its face value of INR 1. The ex-dividend date is set for November 19, 2024, with the same date as the record date. Currently, Ashok Leyland’s stock trades at INR 218, with a market capitalization of INR 63,888 crore. This dividend reflects Ashok Leyland’s commitment to rewarding shareholders as it continues to grow in the automotive sector.
2. Asian Paints
Asian Paints, India’s largest paint company, specializes in manufacturing and distributing paints and coatings for home and industrial use. The company declared an interim dividend of INR 4.25 per share for Q2, 2024-25, which translates to 425% of its face value of INR 1. The ex-dividend date is November 19, 2024, with the same date as the record date. Asian Paints’ stock currently trades at INR 2,483, with a market cap of INR 2,38,183 crore. The dividend underscores its strong financial performance and commitment to shareholder value.
3. Cochin Shipyard
Cochin Shipyard, a prominent shipbuilding and ship-repair company, serves both commercial and defense sectors in India. For the year 2024-25, Q2, Cochin Shipyard declared an interim dividend of INR 4 per share, equating to 80% of its face value of INR 5. The ex-dividend date is November 19, 2024, and the record date is November 20, 2024. The company’s stock is priced at INR 1,312, with a market cap of INR 34,527 crore. This dividend reflects Cochin Shipyard’s ongoing profitability and dedication to returning value to its shareholders.
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4. Oil and Natural Gas Corporation (ONGC)
ONGC, India’s largest oil and gas exploration company, focuses on crude oil and natural gas production. The company declared an interim dividend of INR 6 per share for 2024, which is 120% of its face value of INR 5. The ex-dividend date is November 19, 2024, with the record date on November 20, 2024. Currently, ONGC’s stock trades at INR 251, with a market cap of INR 3,15,513 crore. This dividend highlights ONGC’s profitability and commitment to delivering returns to shareholders.
5. Info Edge (India)
Info Edge, known for its online platforms like Naukri.com, 99acres, and Jeevansathi, operates across job recruitment, real estate, and matrimony. The company declared an interim dividend of INR 12 per share for 2024, equal to 120% of its face value of INR 10. The ex-dividend date is November 19, 2024, with the record date on November 20, 2024. Info Edge’s stock currently trades at INR 7,768, with a market cap of INR 1,00,664 crore. The dividend reflects Info Edge’s robust cash flow and its focus on returning capital to shareholders.
Conclusion
The announced interim dividends, ranging from 80% to 425% of face value, reflect the strong financial performance and shareholder-friendly policies of these companies. Asian Paints leads with the highest percentage dividend (425%), followed by Ashok Leyland (200%), while ONGC and Info Edge both offer 120% of face value. With all companies sharing November 19 as their ex-dividend date, investors have a clear timeline for portfolio planning. These dividend declarations not only provide immediate returns but also signal management confidence in sustained business performance.
Written By: Dipangshu Kundu
Disclaimer
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