On one hand, a huge decline is being seen in the market. While Nifty has fallen by about 10 percent from its all-time high, a significant correction has also been seen in the portfolios of investors. In such a situation, a government company is giving investors an opportunity to earn profits.
Actually Navratna PSU company National Aluminum Co Ltd. (NALCO) has announced a big dividend to the shareholders. Currently the stock price is around Rs 219.
how much dividend
NALCO has announced 80 percent dividend i.e. Rs 5 per equity share for the financial year 2024-25. The company informed through exchange filing that the Board of the company in its meeting held an interim resolution at the rate of Rs 4 per share (80% of the face value of Rs 5 each) on the paid up capital of Rs 918.32 crore for the financial year 2024-25. Payment of dividend has been approved.
record date
NALCO has fixed the record date to determine the eligibility of shareholders for the dividend. Through an exchange filing, the company said that the company has fixed November 29, 2024 as the record date for payment of this interim dividend for the financial year 2024-25 to eligible shareholders. NALCO’s interim dividend will be paid on December 11, 2024 to all eligible shareholders whose names appear in the register of members as on the record date.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.