Nalco Dividend 2023 News: Record date fixed | Nalco share price NSE, BSE

Nalco Dividend 2023 News, Nalco Share Price: The board of National Aluminium Company Limited, NSE: NATIONALUM, will meet today to consider a proposal for interim dividend for its shareholders. The company has already 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.

"27 January has been fixed as ‘Record Dateʼ for payment of interim dividend for the financial year 2022‐23 (If approved by the Board of Directors in their meeting scheduled to be held on 17.01.2023)." the company said in an exchange filing on BSE.

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.

Dividend is one of corporate actions. A stock dividend is an amount that is paid in cash to shareholders by a listed company. The stock dividend is basically rewarding shareholders without reducing the cash balance of the company.

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NALCO Share Price NSE

Share of NALCO traded in flat on D street. The counter opened at Rs 84.05  on NSE. At 11:37 AM, the counter quoted Rs 83.15, down by 0.60 per cent.  

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.

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