Natural gas producer and distributor GAIL has announced a second interim dividend of Rs 5 per share) for the fiscal year FY22.
"The Board of Directors of the Company in its 438th meeting held today i. e. March 11 has, inter-alia, approved the payment of 2nd Interim Dividend for the FY 2021-22@ 50 per cent (Rs 5/- per equity share) on the paid-up equity share capital of the Company," it said in a regulatory filing to the exchanges.
For the approved dividend, the record date is March 22, the filing said.
The record date is the cut-off date set by a company in order to determine which shareholders are eligible for the dividend.
On Friday, the shares of the company closed at Rs 152, up 3.2 per cent.
--IANS
ad/svn/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU