Major Public Sector Undertakings (PSUs) across India have announced their dividend recommendations for the fourth quarter and the full financial year ended March 31, 2026. These declarations, made alongside their latest financial results, highlight a period of significant shareholder returns from key government-backed entities.
Leading Banks and Energy Firms Declare Payouts
The announcements include prominent names from the banking and energy sectors. State Bank of India (SBI), the country's largest public sector lender, has proposed a dividend of Rs 17.35 per share (face value Re 1). The record date for determining eligibility is set for May 16, 2026, with payment anticipated by June 4, 2026, pending shareholder approval.
Indian Bank's board also approved a dividend of Rs 18.25 per share during its April 29, 2026 meeting. Separately, Chennai Petroleum Corporation Ltd (CPCL) recommended a substantial final equity dividend of 540%, equating to Rs 54 per share (face value Rs 10). This comes in addition to an interim dividend of Rs 8 per share already distributed during the fiscal year.
Heavy Industries and Defence Contribute to Shareholder Returns
Beyond finance and energy, companies in heavy manufacturing and defence have also joined the dividend roster. Mining giant Coal India Limited announced a final dividend of Rs 5.25 per equity share (face value Rs 10). Bharat Heavy Electricals Ltd (BHEL) recommended a final dividend of Rs 1.40 per share (par value Rs 2), with payment expected within 30 days of its upcoming Annual General Meeting (AGM).
Defence shipbuilder Mazagon Dock Shipbuilders Ltd revealed a final dividend of Rs 4.62 per share (face value Rs 5). This recommendation followed a board meeting held on April 30, 2026.
Shareholder Approval Awaited
It is important for shareholders to note that all these dividend recommendations are subject to final approval at their respective companies' Annual General Meetings. Once approved, the payouts will be processed according to the specified record and payment dates.