Mahanagar Gas Dividend: Board announces final dividend of Rs 16

Mahanagar Gas Limited Final Dividend: Mahanagar Gas today (May 8, 2023) announced a final dividend of Rs 16 per equity share having face value of Rs 10 each for the financial year 2022-23. The company said in its filing that the final dividend is in addition to the interim dividend of Rs. 10 per equity share (i.e. 100%) paid to all the eligible equity shareholders, as declared by the Board of Directors on February 2, 2023. The total dividend for the financial year 2022-2023, therefore, will be Rs. 26 per equity share having face value of Rs. 10 each (i.e. 260%). 

Mahanagar Gas' share price jumped 2.18 per cent today (May 8, 2023) and closed at Rs 1,001.