Dividend Soon: PSU Gas Stock To Consider Interim Dividend

Mid cap public sector undertaking, Mahanagar Gas Ltd (MGL) will hold meeting of Board of Directors on January 28, 2025 to consider financial results and interim dividend. Last trading price of Mahanagar Gas shares on Bombay Stock Exchange (BSE) is Rs 1307.00 per share. The company has a market capitalisation of Rs 12,910.26 crore.

MGL offers a dividend yield of 2.30%. The company declared 18 dividends since September 15, 2016. In the last 12 months, MGL declared a dividend of Rs 30/share. MGL shares witnessed rally of 6.44% in last 1-week. Meanwhile, MGL offers Return on Equity (ROE) of 20.77. Check key details below:

Dividend To Be Declared: PSU Gas Stock To Consider Interim Dividend, Record Date Fixed

Mahanagar Gas To Consider Financial Results, Dividend

As per the exchange filing of Mahanagar Gas dated January 20, 2024, “Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, January 28, 2025, inter-alia to transact the following businesses:

to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2024;
to consider and approve declaration of Interim Dividend to the equity shareholders.”

Mahanagar Gas Sets Record Date For Dividend

The exchange filing of Mahanagar Gas added, “The said Interim dividend, if declared, shall be paid to those equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of Depositories as beneficial owners of the shares as on Friday, January 31, 2025 which is the record date fixed for the purpose.”

Mahanagar Gas Shares Performance

The 52-week high price of Mahanagar Gas Ltd. shares on BSE is Rs 1988.55 per share (as on 25/09/2024) and 52-week low price is Rs 1075.00 per share (as on 18/11/2024), respectively. Mahanagar Gas Ltd shares slipped 17.43% in last 3-months, fell 22.97% in last 6-months, and rallied over 50% in last 2-years. In last 3-years, MGL shares zoomed 49.95% and 15.24% in last 5-years.

About

Mahanagar Gas Limited, (MGL) one of the India’s leading Natural Gas Distribution Company was incorporated on 8th May 1995. GAIL (India) Limited (Maharatna Company of Govt. of India) is the promoter of MGL. MGL has all the resources and competencies required from concept to commissioning of gas distribution networks available in-house. The entire business in MGL has been integrated through ERP-SAP system, according to its official website.

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