new Delhi , Public sector gas company GAIL (India) has declared a second interim dividend of Rs 5 per share or 50 percent for the current financial year 2021-22. The company said in the statement that the total dividend payout will be Rs 2,220.19 crore and its record date is March 22.
This decision was taken in the meeting of the Board of Directors of GAIL, a Public Sector Undertaking under the Ministry of Petroleum and Natural Gas, held on March 11. GAIL has already announced an interim dividend of Rs 4 per share in December 2021 for the current financial year.
Thus, the two interim dividends work out to Rs 9 per share (paid-up equity share capital). The total dividend payout will be Rs 3,996.35 crore. GAIL Chairman and Managing Director Manoj Jain said that the shareholders of the company are being provided long term return on their investment. He said that this is the highest total dividend paid by GAIL.
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PFC also gave dividend
Power Finance Corporation (PFC) on Friday said that the company has paid Rs 887 crore to the government as interim dividend for the financial year 2021-22. According to a press release, the Maharatna company said, “This is in addition to Rs 333 crore and Rs 370 crore given as first and second interim dividend to the Government of India.”
performance of shares
On Friday, the company’s shares had seen a rise. The company’s shares closed at Rs 112.50, up 1.05 or 0.94%. However, if we talk about the last one month, there has been a decline in the company’s shares. Interim Dividend RTGS (Real Time Gross Settlement) was presented to Union Power Minister RK Singh by Ravinder Singh Dhillon, CMD, PFC, in the presence of Secretary, Ministry of Power, Alok Kumar and other senior officials.
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