The board of directors of GAIL (India) Ltd. on Monday approved a second interim dividend of ₹2.5 per equity share on the post buy-back paid-up equity share.
GAIL’s new interim dividend is part of a second wave of dividend declarations by government companies.
Record date
The second interim dividend will be paid with reference to the ‘Record Date’ i.e. Tuesday, Mar. 23, 2021 fixed for the said purpose.
Company’s Financial
GAIL had reported a consolidated net profit of ₹1,897.04 crore for the third quarter of the ongoing financial year, 6.5 per cent lower on a year-on-year basis.
Competitors
Power Finance Corporation Ltd. had announced an interim dividend on ₹8 per equity share on Friday.
The boards of Indian Oil corporation Ltd. and Bharat Petroleum Corporation Ltd. will meet today to discuss a second interim dividend.
Company Statment
“The Board of Directors of the Company in its 423rd meeting held today i.e. March 15, 2021 has, inter-alia, approved payment of the 2nd Interim Dividend for the FY 2020-21 @ .25% (Rs. 2.5/- per equity share) on the post Buy-Back paid-up equity share capital of the Company.”
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