This Navratna PSU Company Announces Final Dividend Record Date - Details Inside!
Join Us
Follow Us
The PSU has declared dividends for six consecutive years.
✨ Key Takeaways
Steel Authority of India Ltd (SAIL) has fixed September 30, 2026, as the record date to determine eligible shareholders for its final Dividend of Rs 2.35 per equity share for the financial year 2025-26. The Maharatna public sector undertaking had recommended the final dividend in May 2026, and the payout remains subject to approval by shareholders at the upcoming annual general meeting (AGM).
The company said its 54th AGM will be held on September 24, 2026, at 10:30 AM through video conferencing and other audio-visual means. Shareholders whose names appear in the company's records on the record date will be eligible for the dividend, subject to approval at the AGM. SAIL said the final dividend will be paid, after applicable Tax deductions, within 30 days of shareholder approval.
SAIL's board had recommended a final dividend of Rs 2.35 per equity share of face value Rs 10 each, representing 23.50 per cent of the paid-up equity share capital. The company had announced the recommendation following its board meeting held on May 15, 2026.
The latest dividend continues SAIL's streak of shareholder payouts. The PSU has declared dividends for six consecutive years. In 2025, SAIL announced a final dividend of Rs 1.60 per share, with September 9, 2025, fixed as the record date. In 2024, the company declared a final dividend of Re 1 per share after paying an interim dividend of Re 1 per share. The stock traded ex-dividend on September 19, 2024, for the final dividend, while the interim dividend record date was February 20, 2024.
In 2023, SAIL paid an interim dividend of Re 1 per share, with March 24 as the record date, followed by a final dividend of Rs 0.50 per share, for which the record date was September 20. The company also paid dividends twice in 2022, comprising an interim dividend of Rs 2.50 per share and a final dividend of Rs 2.25 per share.
In 2021, SAIL announced three dividend payouts, including an interim dividend of Re 1 per share, a final dividend of Rs 1.80 per share and another interim dividend of Rs 4 per share.
Disclaimer: The article is for informational purposes only and not investment advice.