Public sector gas company GAIL (India) has declared a second interim dividend of Rs 5 per share or 50 per cent for the current financial year 2021-22. The company said in the statement that the total dividend payout will be Rs 2,220.19 crore and its record date is March 22.
The decision taken in the meeting held on March 11
The decision was taken in a meeting of the Board of Directors of GAIL, a Public Sector Undertaking under the Ministry of Petroleum and Natural Gas, held on March 11. Let us know that the share price of Gail is Rs 152.20. The company’s shares had gained 3.19 on Friday.
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What did the company say?
GAIL has already declared an interim dividend of Rs 4 per share in December, 2021 for the current financial year. Thus the two interim dividends work out to Rs 9 per share (paid-up equity share capital). The total dividend payout will be Rs 3,996.35 crore.
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GAIL’s Chairman and Managing Director Manoj Jain said that the shareholders of the company are being provided with sustainable long term returns on their investments. He said that this is the highest total dividend paid by GAIL.