Nalco Dividend 2023 News: Check amount, record date, payment date| Nalco share price NSE, BSE

Nalco Dividend 2023 News, Nalco Share Price: The board of National Aluminium Company Limited, NSE: NATIONALUM, has announced to pay an interim dividend for its shareholders. The government-owned company through an exchange filing informed that the board at a meeting on January 17 took under consideration a proposal on paying interim dividend and approved the same.   

Nalco Dividend 2023 Amount

Nalco informed that the board has decided to pay 20 per cent dividend per equity share of face value Rs 5 each. This translates into Rs 1 dividend per share.

"...approved payment of interim dividend @ Rs.1/- per share (20% on Face value of Rs.5/- each) on the paid-up equity share capital of Rs.918.32 crores for the financial year 2022-23," the company's filing said.

Nalco Dividend 2023 Record Date

The company has fixed the record date for dividend payment. According to an exchange filing by the company, Nalco board has fixed January 27 as the record date for determining the eligibility of shareholders for the payment of dividend amount if approved today.

Nalco Dividend Payment Date

The dividend amount shall be credited directly into the shareholders' bank account linked to their Demat account on the payment date. The payment date shall be February 15, 2023.

"The payment of interim dividend shall be made on or before 15.02.2023 to all eligible shareholders, whose names appear in the Register of Members as on Record Date i.e. 27.01.2023, "the company said.

Also, read- Budget 2023: How does India earn? What is the math behind it?

Nalco Share Price NSE

Shares of Nalco on Tuesday ended with gains of 0.70 per cent at Rs 84.35 on NSE. 

NALCO  share Price History

In the past 6 months, NALCO shares have yielded around 13 per cent return to investors. The stock's 52-week range is Rs 132.70 - Rs 66.95. At current levels, the company has a market cap of Rs 15.30 thousand crore.

Nalco is a Navratna company under Ministry of Mines. It has integrated and diversified operations in mining, metal and power. The government holds a 51.5 per cent stake in the company.

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