PSU Railway Stock: Dividend announcing on May 16

PSU Railway Stock: CONCOR is a railway stock. The firm will soon declare dividend payments to shareholders. CONCOR’s 2024 dividend record date and history are available here.

PSU Railway Stock, CONCOR Dividend 2024: Container Corporation of India (CONCOR), a railway PSU stock, may shortly issue a dividend to its shareholders. According to an exchange filing, the railway company’s board will meet soon to discuss and approve the fourth quarter earnings (Q4FY24). CONCOR’s dividend history indicates a substantial pay. CONCOR’s dividend yield is greater than 1% on each share.
CONCOR is a public-sector enterprise under the Ministry of Railways. CONCOR transports and handles containers.

CONCOR Dividend 2024

A dividend is a cash payment made by a publicly traded corporation to its shareholders in exchange for their investment in the business.

CONCOR has said that the board will consider a proposal to recommend a dividend to its shareholders at its next meeting. If declared, this will be the railway company’s final dividend for the fiscal year 2023-24.

The CONCOR board of directors will meet on May 16, the railway firm announced in a regulatory filing dated May 3.

CONCOR Q4 Result Date

According to a notification posted on the NSE and BSE, CONCOR’s board of directors will meet on May 16.

“The Board of Directors of CONCOR is expected to be held on Thursday, 16th May, 2024 to consider inter alia the approval of Examined Financial Results for the quarter and year completed on 31st March, 2024,” according to an announcement from the company.

“The Board might also think about declaring a final dividend for 2023-24, if any, is subject to shareholder approval at the upcoming Annual General Meeting,” the statement stated.

CONCOR Dividend Record Date 2024

CONCOR dividends will be distributed to shareholders based on their eligibility on the record date.

The board is likely to declare the CONCOR dividend record date, as well as the amount.

CONCOR Dividend History

According to the BSE website, CONCOR paid an 80 percent dividend, or Rs 4, in February 2024 on each equity share with a face value of Rs 5. In 2023, the railway firm paid dividends four times: Rs 3 in November, Rs 2 in September, Rs 2 in August, and Rs 4 in February.

CONCOR Share Price History

CONCOR is a constituent of the S&P BSE 200. On Friday, the railway stock closed in the green at Rs 1,058.80. According to BSE analytics on May 4, the railway stock has returned 23% in 2024 so far. In one year, the stock returned a respectable 69%.

CONCOR shares have more than quadrupled investor money in the last five years, rising by a stunning 109 percent.

Hi, My self Saurabh Singh

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