News: MSTC Ltd, a prominent player in the Indian market, has recently declared its dividend for the year 2024. In this article, we’ll delve into the details of MSTC’s dividend, including the record date, share price, and a brief historical overview.
MSTC Ltd (BSE: 542597, NSE: MSTCLTD) is a government-owned company that specializes in e-commerce, trading, and recycling services. Established in 1964, MSTC has played a crucial role in various sectors, including metal scrap trading, e-auctions, and more.
For the fiscal year ending March 2023, MSTC has announced an equity dividend of 150.00%, amounting to Rs 15 per share. This means that for every share you hold, you’ll receive Rs 15 as a dividend.
On February 8, 2024, MSTC declared a dividend of Rs 5.0 per share with a record date of February 20, 2024. The record date is crucial because it determines which shareholders are eligible to receive the dividend. If you own MSTC shares on or before the record date, you’ll be entitled to the dividend.
Let’s take a quick look at MSTC’s dividend history:
As of now, MSTC’s share price stands at Rs 884.00. Considering the recent dividend announcement of Rs 5.0 per share, the dividend yield can be calculated as follows:
Dividend Yield = (Dividend per Share / Share Price) × 100 Dividend Yield = (5.0 / 884.00) × 100 ≈ 0.57%
MSTC Limited, a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India, has been a significant player in various sectors. Let’s explore more about this dynamic company.
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MSTC is involved in a range of services:
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