Steel Authority of India Limited, one of the largest steel-making companies in the country and a Maharatna public sector enterprise, has once again drawn the attention of investors with its latest dividend announcement. The company has confirmed a dividend of Rs 1.60 per share for the financial year 2025, making it an important event for shareholders and market watchers. With the record date now fixed and the Annual General Meeting scheduled, the dividend buzz around SAIL is strong this September.

The board of directors had approved this dividend during the April to June quarter results, and the announcement was first made earlier in May through an exchange filing. At Rs 1.60 per share, the dividend represents sixteen percent of the company’s paid-up equity share capital. For long term investors, dividends are an additional incentive and a reflection of the company’s financial stability and commitment to rewarding shareholders.

The stock has already gone ex-dividend on September 8. This means that any investor who purchased shares on or before this date will be eligible to receive the payout. The company has fixed September 9 as the record date, which is the day used to determine the final list of shareholders who qualify for the dividend. Under the T plus one settlement cycle, the timing of these dates is crucial. Missing the ex-dividend date means missing the opportunity to earn the dividend.

The payment will not be immediate but is expected within thirty days from the approval of shareholders at the upcoming Annual General Meeting. The fifty third AGM of SAIL will take place on September 16 and will be conducted virtually through video conferencing. Once the dividend is approved at the meeting, shareholders can expect the credited amount in their bank accounts within the stipulated period.

For context, SAIL has had a history of rewarding its investors consistently. In 2024, it distributed dividends twice, which together amounted to Rs 2 per share. The year before that, the company paid dividends of Rs 1 and Rs 0.50 per share. In 2022, investors received Rs 4.75 per share, while in 2021 the dividend stood at a robust Rs 6.80 per share. This track record underlines the company’s ability to generate profits and share them with its investors, even though the amounts vary depending on market conditions and performance.

The company’s stock has also shown resilience in 2025. Over the past week, the share price has risen by 9 percent and delivered a similar return over the month. In the past six months, the stock has climbed by 23 percent, while the year to date performance stands at an impressive 17 percent. With a current market capitalisation of about Rs 54,790 crore, the stock has been trading within a range of Rs 99.15 and Rs 144.20 per share in the last fifty two weeks.

For retail investors, dividends are not only an immediate reward but also a sign of trust in the company’s long term strength. They add to the overall return from holding a stock and reflect management’s confidence in the business outlook. With SAIL continuing its upward trend in the steel sector and maintaining a solid dividend history, shareholders will be closely watching the AGM and subsequent payout.

The latest announcement reinforces SAIL’s reputation as a company that balances growth with shareholder rewards. For those who have held the stock through the record date, the dividend will provide additional value, while the company’s improving performance in the steel market adds further confidence for the future.

 

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