IGL declares 500% dividend - check out record date

IGL Dividend 2023: Indraprastha Gas Ltd (IGL) Board announced its second interim dividend of a whopping 500 per cent for its shareholders in the current financial year. The company declared a dividend of Rs 10 apiece for a face value of Rs 2 apiece. 

"Board of Directors of the Company in its meeting held today has declared 2nd interim dividend @ 500% i.e, Rs.10/- per share (Face value of Rs. 2/- each) on the equity shares of the Company for the Financial year 2022-23," the filing said. 

IGL dividend 2023: Record date

Earlier, the company's board has fixed March 31 as the record date for the second interim dividend.

What is a record date?

A record date determines the shareholders eligible to benefit from corporate action such as a dividend payout.

IGL dividend history

IGL has announced five dividends over the last few years.

IGL share price: Historical performance

IGL shares have rewarded investors with a return of 18.6 per cent in the past one year, sharply outperforming the overall market. The Nifty headline index has declined half a per cent during this period. 

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