Last updated time: Mar 17, 2023 08:33 IST
SAIL Interim Dividend: Maharatna PSU stock Steel Authority of India Ltd (SAIL) has declared an interim dividend of Rs 1 per share for the current financial year 2022-23. “The board of directors in its meeting held today approved the payment of interim dividend of Rs l per share for 2022-23, which is 10 percent of the paid-up share capital of the company,” the company said. surrender
Shares of SAIL last traded at Rs 85.30, down 2.68 percent from its previous close. The stock touched a 52-week low of Rs.63.60 on June 20, 2022 and a 52-week high of Rs.112.35 on April 11, 2022.
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It decreased by 2.79 percent in 1 week and increased by 3.27 percent in 3 months. The stock fell by 12.24 percent in 1 year. It has given solid positive returns of 213.03 percent in 3 years. In 5 years, it gave a positive return of 17.09 percent.
Date of Record SAIL
The company has set March 24 as the record date to determine whether shareholders are eligible to pay said dividends.
SAIL shares are ex-dividend a day or two before the record date. When a company ex-dividends on a certain date, its shares do not carry the value of the next dividend payment. The ex-dividend date also determines which shareholders are entitled to the dividend payment.
SAIL is one of the highest dividend paying stocks on the street. In the last 12 months, the company has declared a dividend of Rs 4.75 per share, which translates to a dividend yield of around 5.57%.
SAIL is one of the largest steel companies in India. The company manufactures pig iron and steel at 5 integrated plants and 3 dedicated steel plants located mainly in the eastern and central regions of India and close to domestic sources of raw materials.
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