NALCO will discuss a second interim dividend next week, and the Board will set a record date.
National Aluminium Company Limited (NALCO) is a mid-cap business in the aluminium sector with a market value of $15,143 Cr. National Aluminium Company Limited (NALCO) is a Schedule ‘A’ Navratna CPSE. Bauxite-Alumina-Aluminium-Power Complexes, stated next week that it will propose a second interim dividend for fiscal year 2022-23, with a record date set for the same.
“We would like to inform that, Tuesday, the 21st March, 2023 has been fixed as ‘Record Date’ for payment of 2nd interim dividend for the financial year 2022-23 (If approved by the Board of Directors in their meeting scheduled to be held on 13.03.2023). 2nd Interim Dividend will be paid to those shareholders whose names appear: a. as beneficial owners as at the end of the business on 21.03.2023 as per the beneficial owners position to be downloaded by NSDL and CDSL in respect of the shares held in the electronic form and b. as members in the Register of Members of the Company, after giving effect to transmission/transposition if any, in physical form lodged with the Company on or before 21.03.2023″NALCO stated in a regulatory filing.
National Aluminium Corporation issued an equity dividend of 130.00% at a face value of 5 per share for the fiscal year ended March 2022, bringing the total to 6.5 per share. This amounts to a dividend yield of 7.86% at the current share price of 82.60. According to Trendlyne statistics, National Aluminium Company Ltd. has declared 43 dividends since August 22, 2000, and in the last 12 months, National Aluminium Company Ltd. has declared an equity dividend of 2.50 per share. At the current share price of 82.60, this equates to a dividend yield of 3.02%.
Hence, we hereby recommend our friends to keep a stock of NALCO and wait for the record date.
Goodluck,
Stock Market Advisory Team,
GlareGen Solution Pvt Ltd
Disclaimer: This information is for Educational purposes only. Please perform your own due diligence before trading!!
