Mid Cap PSU Metal Stock Declares 50% Interim Dividend, Shares Rally

Mid cap PSU Metal & Non-Ferrous sector, National Aluminium Company Ltd stock declared second interim dividend at 2.50/- per share for the financial year 2022-23. The company informed earlier March 21, 2023 as the record date for the interim dividend. The Navratna company has a market capitalisation of Rs 15,071.40 crore. Last trading price of NALCO is Rs 82.06 apiece on BSE. Check details below:

NALCO Declares 2nd Interim Dividend: According to the BSE filing of the company, "In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, we would like to inform that, the Board of Directors in their meeting held on 13.03.2023 have approved payment of 2nd interim dividend @ Rs.2.50/- per share (50% on Face value of Rs.5/- each) on the paid-up equity share capital of Rs.918.32 crores for the financial year 2022-23."

As intimated earlier, the Company has fixed Tuesday, the 21st March, 2023 as Record Date to ascertain the eligibility of shareholders who are entitled for the 2nd interim dividend.

NALCO Stock Performance & Return: Last trading price of NALCO is Rs 82.06 apiece with intraday gain of 0.07%. Its 52-week high price is Rs 132.45 apiece and 52-week low price is Rs 67.00 apiece, respectively. It gave return of 4% in last 1-month, 6% in last 3-months, declined 32% in last 1-year, and gave a return of 168% in last 3-years. It rallied 28% in last 5-years.

NALCO About: National Aluminium Company Limited (NALCO) is a Schedule 'A' Navratna CPSE established on 7th January, 1981 having its registered office at Bhubaneswar. It is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. At present, Government of India holds 51.28% of paid up equity capital, according to its official website.

Disclaimer: The stock declared interim dividend today. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.