Jindal Stainless shares trade ex-dividend

Jindal Stainless share price, Jindal Stainless dividend record date 2023: Jindal Stainless shares declined in early deals on Friday as the stock of the stainless steel producer traded ex-dividend. The Jindal Stainless stock fell by as much as Rs 11.9, or 2.3 per cent, to Rs 507 apiece on BSE within the first few minutes of trade, after starting the day with a loss of 0.8 per cent. Earlier, the board of the steelmaker recommended a final dividend of Re 1.5 per share, of the face value of Rs 2, for the financial year 2022-2023, subject to approval of the shareholders at the company’s ensuing annual general meeting (AGM).

Here’s all you need to know about the latest Jindal Stainless dividend:

When is the Jindal Stainless AGM?

The company is scheduled to conduct its 43th AGM, through video conferencing and other audio-visual means, on September 22.

When is the record date for the Jindal Stainless dividend?

The company’s board earlier fixed September 15 as the record date.

What is a record date?

A record date determines the shareholders eligible to benefit from corporate action such as a dividend. In other words, shareholders owing at least one share of the company in their demat accounts before the end of trading hours on the record date are eligible for such dividends.
Jindal Stainless dividend history

Here is a brief summary of Jindal Stainless dividends over the past few years:

Source: NSE

Jindal Stainless shares

Jindal Stainless shares have rewarded investors with multi-bagger returns of over 270 per cent in the past year, a period in which the headline Nifty index has risen 11.5 per cent

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