JSW Steel dividend: Board announces 340% payout

JSW Steel dividend 2023: JSW Steel on Friday announced a final dividend of Rs 3.40 per equity share of face value of Re 1 each for the year ended March 31, 2023, i.e., a 340 per cent payout. 

"We hereby inform that the Board of Directors at its meeting held today has recommended a Final Dividend of Rs. 3.40/- (Three Rupees & Forty Paise only) (340%) per fully paid-up Equity Share of Re.1/- each for the year ended 31.03.2023," the company's filing said. 

"The dividend, if declared by the members at the 29th Annual General Meeting (AGM) of the Company, will be credited/despatched to the members, subject to deduction of tax at
source, on or before 30 days from the date of Annual General Meeting," the company's filing said. 

JSW Steel dividend history

Source: NSE

JSW Steel share price NSE, JSW Steel share price history

JSW Steel shares on Friday ended with marginal gains at Rs 693.65, up by Rs 1.6 or 0.23 per cent on NSE. JSW Steel's stock has given a positive return of nearly 10 per cent in the last year (May 19, 2022). In comparison, the headline index Nifty 50 has rallied 12 per cent.

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