InvestorQ : What is the size of dividend that GAIL has paid to the government this year?
Dia Deshpande made post

What is the size of dividend that GAIL has paid to the government this year?

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swati Bakhda answered.
2 months ago
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When you ask me the question on GAIL, what comes to mind is the way the government has made generous dividends out of the PSU companies especially engaged in the oil and metals / minerals sector. Clearly, the rally in commodities appears to have helped the government earn hefty dividends this year. GAIL declared its second interim dividend of 50% or Rs.5 per share for FY22 on a par value of Rs.10. This entails total dividend pay-out of Rs.2,220 crore.

The record date has been fixed at 22nd March to determine eligible shareholders . GAIL had already declared first interim dividend of Rs.4 per share and has now paid out Rs.9 per share or Rs.3,997 crore in aggregate to shareholders for Fy22. Most PSU companies in the oil and gas sector have used record profits amidst rising commodity prices to pay out generous dividends. The government is not complaining as this has been instrumental in ensuring dividend stream and inflows amidst tepid divestment flows.

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