Q4: Maharatna PSU Metals Company Recommends Final Dividend

Board of large cap PSU maharatna company, Steel Authority Of India Ltd (SAIL) on May 25 recommended final dividend of Re 0.50 per equity share for the financial year 2022-23. SAIL share witnessed a decline of 0.24% on Thursday on BSE to end at Rs 82.31 per share. Check details below:

SAIL Declares Dividend: According to the BSE filing of the company, "The Board of Directors have recommended the Final Dividend @ Rs.0.50/- per equity share of Rs.10 /- each for the Financial Year 2022-23(5% of the paid up equity share capital of the Company). The Final dividend is in addition to the interim dividend of Rs.1/- per equity share of Rs. 10/- each, declared in March, 2023. The said Final dividend for FY 2022-23 will be paid within 30 days from the date of approval by the Shareholders in the ensuing Annual General Meeting, date of which will be intimated in due course."

SAIL Stock Performance & Return: Last trading price of SAIL is Rs 82.31 apiece. Its 52-week high price is Rs 93.90 per share and 52-week low price is Rs 63.60 per share, respectively. Its market capitalisation is Rs 33,994.79 crore. SAIL stock jumped 16% in last 1-year, fell 34% in last 2-years, and surged 201% in last 3-years.

About: Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country's Central Public Sector Enterprises. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products, according to its official website.