Multibagger Steel Sector Stock To Pay 1750% Dividend, Turning Ex-Dividend Soon

India's leading manufacturer of steel products JSW Steel Ltd. has announced final dividend earlier this year in May. JSW Steel is a part of JSW Group which is leading initiatives in core sectors such as steel, energy, cement, infrastructure, ventures, paints & sports. leadership. The company has revealed the ex-dividend date. Check below for details like ex-dividend date and dividend history of the company:

1. JSW Steel Ltd to pay 1750% dividend

The board of directors of the company in their filing to the BSE announced, "We hereby inform that the Board of Directors at its meeting held today has recommended a Final Dividend of Rs. 17.35/- (Rupees Seventeen and Paise Thirty Five only) (1735%) per fully paid-up Equity Share of Re.1/- each for the year ended 31.03.2022.
The ex-dividend date is July 4, 2022.

2. JSW Steel Ltd Stock Outlook

The current market price of the stock is Rs 554.60 and it has touched its 52-week low. The 52-week high and 52-week low is Rs 790 and Rs 520. The PE of the stock is 6.49 which is higher than sector PE of 4.52. The EPS is 85.49.

Multibagger Return: The stock has given an outstanding 178% return in 5 years.

3. JSW Steel Ltd Dividend History

The company has a strong dividend track report and regularly declared dividend in the last 5 years. In 2021, it had declared a final dividend of 650% equivalent to Rs 6.50 per share. In 2020, the company declared 200% dividend i.e. Rs 2 per share.

4. JSW Steel Ltd Company Overview

The current market capitalization of the company is Rs 134,059 crore. The company has beaten 3-yearr revenue CAGR with company's annual revenue growth of 83.89% . It has outperformed its 3-year CAGR of 20.07%. It declared a net profit after tax at Rs 3343 crore for fourth quarter of FY2022, 20% down.

Highest Quarterly Revenue: It registered highest quarterly revenue from operations at Rs Rs 46,895 cr, which was up by 74 per cent.

5. About JSW Steel

The flagship company of JSW Group, JSW Steel is one of India's leading integrated steel manufacturers with a capacity of 18 MTPA. It is one of the fastest growing companies in India with a footprint in over 100 countries. With state-of-the-art manufacturing facilities located in Karnataka, Tamil Nadu and Maharashtra, it is recognized for its innovation and quality, according to its website.