GAIL will decide on an interim dividend next week, with a set record date.
On Monday, March 13, 2023, the board of GAIL (India) Ltd, the largest gas distributor in the nation, will gather to discuss and approve an interim dividend for the fiscal year 2022–2023. If approved, Tuesday, March 21, 2023, will serve as the record date for payment of the stated dividend.
“This is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 13th March, 2023 to, inter-alia, consider the recommendation for payment of Interim Dividend for FY 2022-23. For the purpose of payment of Interim Dividend, if so approved by the Board, the “Record Date” will be Tuesday, 21st March, 2023,”The corporation stated in a regulatory filing.
This yields a dividend of 5.39% at the current share price of 111.25. Dividend yield after bonus/split adjustments is 3.60%.
The business also said that from March 7 through March 15, 2023, designated persons and their immediate family members would not be permitted to transact in GAIL stocks.
Due to fewer gas sales as a result of supply disruptions, GAIL (India) Ltd. reported a nearly 93% decline in its December quarter profit.
Hence, we hereby recommend our friends to keep a stock of GAIL and wait for the record date.
Good Luck,
Stock Market Advisory Team,
GlareGen Solution Pvt Ltd.
Disclaimer: This information is for Educational purposes only. Please perform your own due diligence before trading!!
