Now Reading: SAIL sets September 30 record date for Rs 2.35 final dividend
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SAIL sets September 30 record date for Rs 2.35 final dividend
Steel Authority of India (SAIL) has fixed 30 September 2026 as the record date for its final dividend of Rs 2.35 per share for FY26. The Maharatna PSU recommended the dividend in…
Steel Authority of India (SAIL) has fixed 30 September 2026 as the record date for its final dividend of Rs 2.35 per share for FY26. The Maharatna PSU recommended the dividend in May, and shareholder approval is scheduled at the 54th Annual General Meeting on 24 September 2026.
Eligible shareholders as of the record date will receive the dividend, subject to tax deduction at source, within 30 days of AGM approval. SAIL has declared a final dividend for the sixth consecutive year, having paid Rs 1.60 per share in 2025 and Re 1 per share in 2024.
The company informed stock exchanges that the AGM will be held via video conferencing. SAIL shares closed at their previous session price, the stock will trade ex-dividend on 29 September for new buyers.
Indian Opinion Analysis
SAIL's dividend history shows a pattern of steady payouts, but the declared Rs 2.35 per share for FY26 is the highest final dividend in five years, excluding a one-off Rs 4 interim in 2021. For a Maharatna PSU, the dividend yield matters to retail investors who hold for income, but the headline number is a recommendation, not a guarantee, shareholder approval at the AGM is still required. The record date of 30 September means the stock will trade ex-dividend a day earlier, typically on 29 September. Investors should watch the AGM on 24 September for any surprise adjustments to the payout. The real signal will come when the company posts its audited FY26 results, which will confirm whether earnings support this payout level.
Source: livemint.com
This story was synthesised by AI from the source linked above.
