13 Mar , 2022 By : Kanchan Joshi
Government-owned Gail (India) has received board of directors approval for payment of a second interim dividend for the financial year 2021-22 at 50% (Rs5 per equity share) on the paid-up equity share capital of the company.
The board has fixed March 22 as the record date for the payment of the second interim dividend.
The total dividend payout will be aggregated to Rs2,220.19 crore.
The company has already declared an interim dividend of Rs4 per share to its shareholders for the current financial year in December last year.
These two interim dividends total Rs9 per equity share (90% on the paid-up equity share capital) with a cumulative payout of Rs3,996.35 crore.
On Monday, Gail's stock will be in focus following the dividend announcement. Last week, on Friday, the stock closed at Rs152.45 apiece higher by 3.4% on BSE.
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