This company will give a dividend of Rs 50 on every share of Rs 22, know when is the record date
These days, shares of some company are trading ex-dividend every day. Today we are going to tell you about a company which is going to give a dividend of not 5-10 rupees but a full 50 rupees to its shareholders. Yes, Southern Gas is going to give a dividend of Rs 50 on each share to its shareholders.
Rs 50 dividend will be available on every share of Rs 22.7
The company’s share currently is Rs 22.7 and the company will give a dividend of Rs 50 on every share of its Rs 22.7. Let us tell you that in an exchange filing dated September 2, the company had said that the Board of Directors of Southern Gas has recommended a final dividend of 50 per cent on each share with a face value of Rs 100 to the shareholders for the financial year 2023-24. Record date fixed on 17 September
Southern Gas said in an exchange filing that the company has fixed Tuesday, September 17 as the record date for payment of dividend. That is, on Tuesday, September 17, the company’s shares will trade ex-dividend. Let us tell you that even before this, the company has given huge dividends to its shareholders. Southern Gas had earlier paid a dividend of Rs 50 in September 2023, Rs 50 in September 2022, Rs 50 in September 2021 and Rs 40 in September 2020.
Upper circuit in the company’s shares on Friday
On Friday, the last day of the week, the stock market closed with a slight decline. However, the company’s shares hit an upper circuit of 5 percent. Southern Gas shares closed at Rs 22.68 today with a gain of Rs 1.08. The 52 Week High of the company’s shares is Rs 71.60.
