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Steel Authority of India Limited, a steel-making company, manufactures and sells iron and steel products in India and internationally. It offers rails, long rails, blooms, billets, slabs, channels, joists, angles, TMT rebars, wire rods, crane rails, plates, pig iron, and coal chemicals; narrow slabs; wheels and axles; and plate mill plates, HR plates, HR coils, CR sheets/coils, plain and corrugated galvanized sheets, ERW pipes, spiral weld pipes, and CRNO. The company also provides GP and GC sheets, galvanized steel, HRPO, bars and rebars, Z-bars, MS Arch, cold-rolled stainless steel, hot rolled carbon and stainless-steel products, micro-alloyed carbon steel, and alloy steel squares and rounds. In addition, it offers wear resistant plates, forgings, carne wheels, forged rolls/plates, stainless steel slabs, special steel, and rolled and forged alloy products; and high/medium/low carbon ferromanganese, and silico-manganese products. The company was founded in 1954 and is based in New Delhi, India.

Steel Authority of India Dividend Announcement

Steel Authority of India announced a semi annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-26. Ex dividend date: 2024-09-19
Steel Authority of India annual dividend for 2024 was ₹2.00
Steel Authority of India annual dividend for 2023 was ₹1.50
Steel Authority of India's trailing twelve-month (TTM) dividend yield is 1.51%

Steel Authority of India Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-19₹1.00semi annually2024-10-26
2024-02-20₹1.00semi annually
2023-09-20₹0.50semi annually2023-10-27
2023-03-24₹1.00semi annually2023-04-15
2022-07-28₹2.25semi annually2022-10-28
2022-03-28₹2.50semi annually2022-04-15
2021-11-09₹4.00semi annually2021-11-28
2021-09-20₹1.80semi annually2021-10-28
2021-02-04₹1.00semi annually2021-02-28
2019-08-22₹0.50semi annually2019-09-02
2015-08-11₹0.25semi annually2015-10-24
2015-02-18₹8.75semi annually2015-02-23
2014-02-18₹10.10semi annually2014-03-16
2013-08-02₹2.00semi annually2013-10-20
2013-02-15₹8.00semi annually2013-02-19
2012-08-09₹4.00semi annually2012-10-21
2012-02-15₹6.00semi annually2012-02-20
2011-08-10₹6.00semi annually2011-10-22
2011-01-18₹6.00semi annually2011-01-20
2010-07-29₹8.50semi annually2010-10-30
2010-02-01₹8.00semi annually2010-02-26
2009-07-30₹6.50semi annually2009-09-01
2009-01-30₹6.50semi annually2009-03-01

Steel Authority of India Dividend per year

Steel Authority of India Dividend growth

Steel Authority of India Dividend Yield

Steel Authority of India current trailing twelve-month (TTM) dividend yield is 1.51%. Interested in purchasing Steel Authority of India stock? Use our calculator to estimate your expected dividend yield:

Steel Authority of India Financial Ratios

P/E ratio18.60
PEG ratio4.72
P/B ratio0.96
ROE5.25%
Payout ratio0.00%
Current ratio0.90
Quick ratio0.29
Cash Ratio0.01

Steel Authority of India Dividend FAQ

How much is the next Steel Authority of India dividend?
Steel Authority of India's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Steel Authority of India dividend. The next Steel Authority of India dividend will be released in March, or September.
When is Steel Authority of India dividend paid?
Steel Authority of India pays dividends on a semi annually basis. The specific dates may vary each year but are generally around March, and September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Steel Authority of India pay?
The specific amount of Steel Authority of India dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Steel Authority of India's dividend history.
Does Steel Authority of India stock pay dividends?
Yes, Steel Authority of India does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Steel Authority of India's dividend history.
How much dividend does Steel Authority of India pay?
Steel Authority of India paid ₹2.0 in 2024, ₹1.5 in 2023, ₹4.75 in 2022, ₹6.8 in 2021, and ₹0.0 in 2020.
How often does Steel Authority of India pay dividends?
Steel Authority of India typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around March, and September.
What is Steel Authority of India's dividend yield?
The current dividend yield for Steel Authority of India is 1.51%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Steel Authority of India's exact dividend yield.
When does Steel Authority of India go ex dividend?
Steel Authority of India's ex-dividend date for the latest dividend was on 2024-09-19. Steel Authority of India typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Steel Authority of India dividend paid?
Steel Authority of India pays dividends on a semi annually basis, typically around March, or September, but the exact dates can vary each year.
Will Steel Authority of India increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Steel Authority of India will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Steel Authority of India dividend per share?
Steel Authority of India paid ₹2.0 per share in 2024 and ₹1.5 per share in 2023. The amount of dividend per share that Steel Authority of India pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Steel Authority of India a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Steel Authority of India a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Steel Authority of India a dividend stock?
Yes, Steel Authority of India is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Steel Authority of India a good dividend stock?
Whether Steel Authority of India is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Steel Authority of India has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Steel Authority of India as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Steel Authority of India pay dividends monthly?
Steel Authority of India typically pays dividends on a semi annually basis.
Does Steel Authority of India pay dividends quarterly?
Steel Authority of India currently pays dividends on a semi annually basis.
Has Steel Authority of India ever paid a dividend?
Yes, Steel Authority of India has a history of paying dividends to its shareholders. Steel Authority of India is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Steel Authority of India dividend stocks?
To buy Steel Authority of India you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Steel Authority of India stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Steel Authority of India pay dividends 2024?
Steel Authority of India pays dividends on a semi annually basis. 2024 dividend payments are in 2024-10-26. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Steel Authority of India increase its dividend in 2024?
Decisions regarding Steel Authority of India dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Steel Authority of India dividend overview you can look into the above table of dividend history.
How Steel Authority of India dividend works?
The Steel Authority of India dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Steel Authority of India's dividend process works:

1. Determination of Dividend: Steel Authority of India's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Steel Authority of India publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Steel Authority of India distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Steel Authority of India are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Steel Authority of India dividends paid?
Steel Authority of India dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Steel Authority of India sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Steel Authority of India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Steel Authority of India declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Steel Authority of India pay dividends?
Steel Authority of India typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Steel Authority of India pay dividends?
The general pattern is that Steel Authority of India pays dividends around March, and September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Steel Authority of India dividend safe?
The safety of Steel Authority of India's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Steel Authority of India's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Steel Authority of India's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.