GAIL dividend 2023 record date fixed; board meeting to approve amount today

GAIL dividend 2023 record date, GAIL share price NSE: GAIL has fixed the record date for determining the eligibility of the shareholders for the payment of dividend. GAIL is a public sector undertaking under the Ministry of Petroleum and Natural Gas. The company's board will meet on Monday, March 13, to consider the approval of an interim dividend. This would be the third corporate action by the company in the current fiscal.

"The Board of Directors of the Company is scheduled to be held on Monday, 13th March 2023 to, inter-alia,  consider the recommendation for payment of  Interim  Dividend for FY 2022-23," the company said in an exchange filing.

GAIL Share Dividend Record date 2023

The New Delhi headquartered petroleum company has already fixed the record date for the payment of interim dividend.  

"For the purpose of payment of Interim Dividend, if so approved by the Board, the "Record Date" will be Tuesday, 21st March, 2023," the company said in the filing.

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GAIL Dividend History, GAIL B

GAIL Share Price NSE

Shares of GAIL quoted at Rs 110 apiece on NSE on Monday, March 13, around 1 PM. GAIL shares have yielded a positive return of over 6 per cent in the past year. At current market levels, GAIL has a market cap of Rs 73.31 thousand crore.

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How To Calculate Dividend 

To calculate dividend yield, one needs to divide the annual dividends paid per share by the price per share. For instance, if a company paid out around Rs 500 in dividends per share and its shares currently cost Rs 10,000, its dividend yield would be 5 per cent.

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