GAIL declares second Interim Dividend of Rs. 5 per Equity Share for FY 2021-22

GAIL India Limited has declared 2nd Interim Dividend of 50% on the paid-up Equity Share Capital, which is Rs. 5 per Equity share for FY 2021-22 (Total Dividend amount: Rs. 2,220.19 crore) with a record date of March 22, 2022. The decision was taken by the Board of Directors of GAIL, a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, at their meeting here on Friday.

For the current FY 2021-22, GAIL has already declared an interim dividend of Rs. 4 per share to its shareholders in the month of December 2021 taking the total of 1st and 2nd interim dividend by the Company to Rs. 9 per Equity share (90% on the paid-up Equity Share Capital and Total Dividend amount: Rs. 3,996.35 crore).

Shri Manoj Jain, Chairman & Managing Director, GAIL stated that the company's shareholders have been provided with steady long-term returns on their investments. Further, this is the highest ever dividend payment in terms of total dividend amount by GAIL, he said.

Based on current shareholding of Government of India (51.45%), Dividend of Rs. 1,142.29 crore shall be paid to Government of India and Rs. 1,077.90 crore to other Shareholders.

Shares of GAIL (India) Limited was last trading in BSE at Rs. 152.45 as compared to the previous close of Rs. 147.45. The total number of shares traded during the day was 1159224 in over 7572 trades.

The stock hit an intraday high of Rs. 154.15 and intraday low of 148.25. The net turnover during the day was Rs. 176256120.00.

Source : Equity Bulls

Keywords

GAILIndia INE129A01019 2ndInterimDividend FY22