The Board of Directors of JSW Steel Ltd (JSWSTEEL) at its meeting held on 21 May 2021, has declared Final Dividend of Rs 6.5 per equity share.
JSW Steel Ltd Quarterly Result
The company reported a 1,717 per cent year-on-year rise in its consolidated net profit to Rs 4,198 crore for the quarter ended March. Analysts had expected the company to report consolidated net profit of Rs 3,990.3 crore for the quarter on consolidated revenues of Rs 21,264 crore.
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JSW Steel Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 6 July 2021 as the Record date. Payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on 6 July 2021.
Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Above all, here is the copy of statement, the company has sent to the exchanges:
We hereby inform that the Board of Directors has recommended a dividend of Rs. 6.50 (Rupees six and paise fifty only) per equity share of Re. 1 each for the year ended 31 March 2021 subject to approval of the members at the ensuing Annual General Meeting.
Important Dates
- Company – JSW Steel Ltd
- Script Name – JSWSTEEL (NSE) and 500228 (BSE)
- Dividend Amount – 6.5 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – 5 July 2021
- Record Date – 6 July 2021
- Payment Date – NA
Also, you can find more information about JSW Steel Ltd on National Stock Exchange and Moneycontrol – JSW Steel Ltd is an Indian multinational steel making company. JSW Steel has become India’s second largest private sector steel company. The current installed capacity of the company stands at 18 MTPA.
