NALCO dividend 2021, NALCO share price nse, NALCO dividend news, NALCO dividend record date 2021, NALCO share price targ


nalco share dividend 2021 news, nalco dividend record date

NALCO announces final dividend of 20% for FY21

NALCO Share Dividend News, NALCO Dividend 2021, NALCO DividendĀ Record Date: National Aluminium Company Limited (NALCO) has announced a dividend of 20 per cent per equity share to the shareholders for the financial year ending March 31, 2021. This translates into a final dividend of Re 1 per share having a face value of Rs 5 each.

The company in a regulatory filing said that the final dividend is in addition to the Rs 2.50 per share (50 percent on face value of Rs 5 each) interim dividends paid in the fiscal.

“The Board of Directors has recommended a final dividend of Re 1 per share (20% on a face value of Rs 5 per share) for the fiscal year ending March 31, 2021, subject to shareholder approval at the succeeding Annual General Meeting,” the filing said.

As the company announced to pay a dividend to its shareholders, shares soared over 7 per centĀ  to touch a 52-week high of Rs 102.30 on the NSE. The share traded at Rs 99.45 at the closing, a high of 5.91 per cent.

On BSE as well, NALCO share touched a 52-week high to trade at 102.25. It closed at 99.25, a high of 5.75 per cent.

Nalco is a Navratna CPSE under the Ministry of Mines. The company has integrated and diversified operations in mining, metal and power. The Centre holds 51.28 per cent equity of NALCO.

Latest Business News


Source link