Sail dividend 2023

SAIL Interim Dividend: Maharatna PSU stock Steel Authority of India Ltd (SAIL) has declared an interim dividend of Rs 1 per equity share for the current financial year 2022-23. “The Board of Directors at its meeting held today has approved the payment of Interim Dividend for the FY 2022-23 Rs l per equity share, that is 10 per cent on the paid up equity share capital of the company," the company said in a filing. The stock of SAIL last traded at Rs 85.30 apiece, falling 2.68 per cent as compared to its previous close. The stock recorded its 52 week low on 20 June 2022 at Rs 63.60 apiece and 52 week high on 11 April 2022 at Rs 112.35 apiece, respectively. It has fallen 2.79 per cent in 1 week, whereas, it gained 3.27 per cent in 3 months. The stock has fallen 12.24 per cent in 1 year. It gave a robust positive return, 213.03 per cent in 3 years. In 5 years, it gave 17.09 per cent positive return. SAIL Record Date The company has fixed March 24 as the record date to determine the eligibility of the shareholders for the said dividend payment. The shares of SAIL will go ex-dividend a day or two days before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment. SAIL is one of the highest dividend paying stocks on the Street. In the past 12 months, the company has declared an equity dividend amounting ...

Investors looking for a passive and steady income, along with capital appreciation and wealth creation, go big on dividend-yielding stocks. Such counters are considered to be boring plays as they take a long time to move higher and dividend payout also impacts their stock prices. However, the overall return to the investors remains strong in the long run. Majorly, shares of public sector undertakings (PSUs) are considered to be a high dividend play, while selecting other players from other sectors such as mining and healthcare give a handsome dividend to the investors. Religare Broking has filtered out 10 high dividend-yielding stocks from the PSU space, with Steel Authority of India (SAIL), NMDC, and Indian Oil Corporation having a dividend yield of more than 10 per cent. Axis Securities remains positive on SAIL with a target price of Rs 93 as it sees company performance in Q4 to be decent, while BOB Capital and Antique Stock broking have 'hold' ratings for the stock with a target price of Rs 90 and Rs 92, respectively. ICICI Securities, Motilal Oswal and Sharekhan have a buy rating on NMDC with a target price of Rs 118, Rs 135 and Rs 125 respectively. On the other hand, B&K Securities and Elara Capital have buy ratings on Oil India Corporation with a target price of Rs 109 and Rs 100, respectively. The dividend yield is one of the main factors to consider when investing in dividend-paying stocks. It is an indicator of the return that investors are earning on their shares...

SAIL Q4 results preview: Net profit likely to nearly halve, margin may shrink by 270 bps SAIL Q4 results 2023, SAIL Q4 results 2023 date: According to Zee Business research, SAIL’s quarterly standalone net profit is estimated at Rs 1,244 crore — which translates to a fall of 48.6 per cent on a year-on-year basis. • • • • • SAIL Q4 results 2023, SAIL Q4 results 2023 date, SAIL Q4 results 2023 expectations: Steel Authority of India Ltd (SAIL) is all set to report its financial results on May 25, Thursday for the quarter ended March 2023. Analysts expect the state-run steelmaker to report a weak quarterly performance with a steep fall in the EBITDA per tonne — a key measure of profitability for metal and alloy producers. According to Zee Business research, SAIL’s quarterly standalone net profit is estimated at Rs 1,244 crore — which translates to a fall of 48.6 per cent on a year-on-year basis. Its consolidated revenue is likely to drop 3.4 per cent to Rs 29,718 crore compared with the corresponding period a year ago, according to the research. The alloy maker is estimated to report Rs 3,355 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA) for the three-month period, as against Rs 4,331 crore for the year-ago quarter. The Zee Business analysts peg Steel Authority of India’s margin — a key measure of profitability for a business — at 11.3 per cent as against 14 per cent a year ago. According to the research, the steel major’s EBITDA per tonne i...

Maharatna Status PSU stock Steel Authority of India Ltd. (SAIL), today, March 16, 2023, approved the 10% Interim Dividend for FY 2022-23 ending March 31. The stock in its regulatory filing has informed about the Interim Dividend. It also fixes the "Record Date" for the Interim Dividend as March 24th, 2023. SAIL is a midcap Metal sector PSU stock having a market capitalisation of Rs 35,233.38 crore. Check below to know more: Declaration of Interim Dividend 2022-23 by SAIL Board The Board of Directors of Steel Authority of India Ltd in their regulatory filing has said, "This is in continuation of our intimation of even no. dated 10th March, 2023. The Board of Directors at its meeting held today i.e. 16th March, 2023, has inter-alia, approved the payment of Interim Dividend for the FY 2022-23 @ Rs. 1/- per equity share (10% on the paid up equity share capital of the Company). The record date for the purpose of payment of Interim Dividend is 24th March 2023." Disclaimer The above-mentioned information is purely informational. 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 making any investment decision.