News: Steel Authority of India Limited (SAIL), one of the largest steel producers in India, has recently announced its third-quarter results for the fiscal year 2023-24. In addition to the financial performance, SAIL has also declared an interim dividend for its shareholders. Let’s delve into the details of this dividend, including the record date, share price impact, and historical dividend payouts.
Before this interim dividend, SAIL has consistently rewarded its shareholders over the years. Here’s a glimpse of the dividend history:
Date | Dividend Amount (₹) |
---|---|
Feb 20, 2024 | 1 |
Sep 20, 2023 | 0.5 |
Mar 24, 2023 | 1 |
Jul 28, 2022 | 2.25 |
Mar 28, 2022 | 2.5 |
Nov 09, 2021 | 4 |
Sep 20, 2021 | 1.8 |
Feb 04, 2021 | 1 |
In the third quarter of FY23, SAIL reported a consolidated net profit of Rs 422.92 crore, which is a 22% decline compared to the same period last year. Lower income during this quarter contributed to the decrease in profit. The company’s total income fell to Rs 23,492.33 crore in Q3 FY24 from Rs 25,140.16 crore a year ago.
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Following the dividend announcement, SAIL’s stock experienced some volatility. The share price opened at Rs 119 and fell by 5.32% to reach a day’s low of Rs 116.35.
SAIL’s interim dividend provides a boost to its shareholders amidst challenging market conditions. Investors should keep an eye on the payment date and stay informed about the company’s financial performance. As always, consult with financial experts before making any investment decisions.
SAIL operates five integrated steel plants and three special steel plants across India. These facilities are strategically located near domestic sources of raw materials. Let’s take a closer look at these plants:
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1. When is the day to mark in your calendar for SAIL’s 2024 dividend?
Circle February 20th, 2024, as the Record Date for SAIL’s 2024 dividend.
2. What’s the cash you get for each share with the 2nd Interim Dividend in the Financial Year 2023-24?
Get ₹1 for every equity share with the 2nd Interim Dividend in the Financial Year 2023-24.
3. What can we learn about SAIL’s money matters from its dividend history?
Look at SAIL’s dividend history, and you’ll see its strong finances. The regular payouts tell us the company is solid and making profits, keeping its promise to reward shareholders.
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