Multibagger Fertilizers PSU Under Rs 180 Recommends 2.70% Dividend, Record Date Fixed

Public sector undertaking National Fertilizers Ltd shares witnessed decline of 2.08% on August 14, 2024 to settle at Rs 131.75 per share on BSE. Board of Directors of National Fertilizers on August 14, 2024 recommended a final dividend of Re 0.27 (2.70%) per equity share of Rs 10 each for the Financial Year 2023-24. National Fertilizers shares offered return of over 100% in last 1-year and declined more than 13% in last 1-month. The company has a market capitalisation of Rs 6463.37 crore. Check details below:

National Fertilizers Ltd Recommends Dividend: As per the regulatory filing of National Fertilizers issued as on August 14, 2024, "Pursuant to Regulation 30 of the [SEBI (LODR)], the Board of Directors in its Meeting held today , 14th August, 2024 has recommended Final Dividend of INR 0.27 (2.70%) per equity share of Rs.10 each on the paid up equity share capital of the company for the Financial Year 2023-24, subject to approval of the Shareholders at the ensuing so" Annual General Meeting of the Company."

National Fertilizers Sets Record Date For Dividend: The company set September 20, 2024 as the record date for final dividend. The Final Dividend shall be paid on or before 26th October, 2024, if approved by the Shareholders at ensuing Annual General Meeting, added the regulatory filing.

National Fertilizers Shares Performance: The 52-week high price of National Fertilizers shares on BSE is Rs 169.95 per share (as on 23/07/2024) and 52-week low price is Rs 65.08 per share (as on 16/08/2023), respectively. National Fertilizers shares offered return of 33% in last 3-months, gained 164% in last 2-years, offered return of 136% in last 3-years, and zoomed 411% in last 5-years.

About: NFL, a Schedule 'A' & a Mini Ratna (Category-I) Company was incorporated on 23rdAugust 1974. It has an authorized capital of Rs. 1000 crore and a paid up capital of Rs. 490.58 crore out of which Government of India's share is 74.71 % and 25.29 % is held by financial institutions & others. The company seeks "to be a leading Indian company in fertilizers and beyond with commitment to all stakeholders" and a Mission "to be a dynamic organization committed to serve the farming community and other customers.

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