GAIL declares 20% interim dividend
Gail India Ltd is the Largest gas transmission and marketing company in India.The company has informed the market (BSE) that company decided to distribute 20% interim dividend to its share holders. Shares of the company has face value of Rs 10 per share so the amount of dividend will be Rs 2 per share.
The company has fixed the record date for this interim dividend as 29th Dec 09. GAIL had paid a total dividend at the rate of 70%. According to the statement, GAIL has disbursed dividend of Rs 7119 crore (up to FY09) to the shareholders including Government of India. This is more than 5.5 times the enhanced equity capital of Rs 1268 crore. Last year, the company had issued one bonus share for two equity shares held.
Shares DATA :
BSE Code : (532155)
CMP : Rs 416.10 on 24 Dec 09
P/E: 18.96
EPS: Rs 22.10
Mkt. Cap: 53149 Cr.
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