Mahanagar Gas Ltd board recommends final dividend of Rs. 10.50 and special dividend of Rs. 15

The Board of Directors of Mahanagar Gas Ltd at its meeting held today i.e. June 10, 2020, has recommended a Final Dividend of 10.50/- and Special Dividend of 15/- per equity share having face value of 10/- each for the financial year ended March 31, 2020 for approval of the Shareholders at the ensuing Annual General Meeting. The Final Dividend for the Financial Year 2019-2020 shall be paid on the seventh working day from the conclusion of the Annual General Meeting, subject to approval of the shareholders of the Company.

This is in addition to the Interim Dividend of 9.50/- per equity share paid to all eligible shareholders as declared by the Board of Directors at its meeting held on February 26, 2020. With this, the total dividend for the financial year 2019-20 shall be 35/- per equity share having face value of 10/- each.

Shares of Mahanagar Gas Ltd was last trading in BSE at Rs.993.7 as compared to the previous close of Rs. 996.4. The total number of shares traded during the day was 27503 in over 2043 trades.

The stock hit an intraday high of Rs. 1010 and intraday low of 984. The net turnover during the day was Rs. 27392665.

Source : Equity Bulls

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