280% Dividend Coming Your Way! JSW Steel To Trade Ex-Date On July 8; Last Chance To Receive Payout; Here's Why

Dividend Record Date: Shares of JSW Steel, a leading Indian steel manufacturer, will remain in focus tomorrow, as the company's stock will trade ex-dividend on Tuesday, July 8. The flagship business of the JSW Group had announced a 280% dividend for its eligible shareholders.

JSW Steel shares ended 0.31% higher at Rs 1044.65 per share on BSE on Monday with a market capitalisation of Rs 2,55,464.35 crore. The stock touched an intraday high mark of Rs 1045 apiece, and an intraday low mark of Rs 1035 per share today.

JSW Steel Dividend

The company, in April, had announced a final dividend of Rs 2.8 per share with a face value of Re 1 (equivalent to 280%) for its eligible shareholders. The dividend declared by the company will be credited to the eligible stock holders after the annual general meeting (AGM).

"The Board of Directors has recommended a Final Dividend of Rs. 2.80/- (Rupees: Two and Paise Eighty only) (280%) per fully paid-up Equity Share of Re.1/- each for the year ended 31st March 2025. The dividend, if declared by the members at the 31st Annual General Meeting (AGM) of the Company, will be credited/dispatched to the members, subject to deduction of tax at source, on or before 30 days from the date of the Annual General Meeting," read a BSE filing by the company.

JSW Steel Dividend Record Date

The company has fixed July 8 as the dividend record date to determine the eligibility of shareholders for the corporate action. Investors who will own JSW Steel stock on or before the dividend record date will be eligible for the dividend payout.

JSW Steel Dividend: How To Become Eligible?

To become eligible for JSW Steel dividend, it is important for investors to own the company scrip on or before the record date, ie July 8. The dividend payout will be made after declaration by the AGM.

The dividend payout will be made to shareholders whose "names appear as Beneficial Owners as at the end of the business hours on 8th July, 2025, in the list of Beneficial Owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited in respect of the shares held in electronic form."

Additionally, investors, whose "names appear as Members in the Register of Members of the Company as at the end of the business hours on 8th July, 2025, after giving effect to valid request(s) received for transmission/transposition of shares and lodged with the Company/ its Registrar & Share Transfer Agents on or before 8th July, 2025."

JSW Steel Share Price Trend

Shares of the multinational steel manufacturer ended at Rs 1044.65 apiece with marginal gains on Monday. The metal stock touched its 52-week high mark of Rs 1,074.15 per share on 25 March, 2025. The stock dipped to its 52-week low mark of Rs 854.35 per share on 5 August, 2024. The stock value has increased around 15.36% year to date (YTD) and has increased by 32.44% in two years.

The Mumbai-based multinational steel producer, JSW Steel Limited, is the flagship company of JSW Group and it became one of the biggest steel producers in India after merger of Bhushan Power & Steel, Ispat Steel and Jindal VIjayanagar Steel Limited.