Gas & Petroleum Sector PSU Stock Approved 40% Interim Dividend, Check Record Date

GAIL (India) Ltd. today, on 13 March 2023, approved the 40% Interim dividend for the Financial Year 2022-23. GAIL is a Gas & Petroleum sector Maharatna Status PSU stock with diversified interests across the natural gas value chain of trading, LPG production & transmission, transmission, LNG re-gasification, petrochemicals, E&P, city gas, etc. It is a large-cap stock with a market capitalisation of Rs 72,457.60 crore.

GAIL Stock Performance

Current Market Price & 52 Week Low/High

The stock last traded at Rs 110.20 apiece, down 0.77% as compared to its previous close. The stock recorded its 52 week low on 26 September 2022 at Rs 83 apiece and 52 week high on 19 April 2022 at Rs 115.67 apiece, respectively.

Returns

The stock has given 1.05% positive return in 1 week, 15.09% in 1 year and 18.18% in 3 months, respectively. It gained 8.46% in 1 year and 95.51% in 3 years, respectively. However, the stock has fallen 3.32% in the past 5 years.

GAIL Approved Interim Dividend

According to the Board of Directors of GAIL (India) Ltd. in its regulatory filing, "The Board of Directors of the Company in its 454th meeting held today i.e. 13th March, 2023 has, inter-alia, approved the payment of Interim Dividend for the FY 2022-23 @ 40% (Rs. 4.00/- per equity share) on the paid-up equity share capital of the Company. The Interim Dividend will be paid with reference to the 'Record Date' i.e. Tuesday, 21st March, 2023 fixed for the said purpose."

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