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 1.75%
Steel Authority of India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-19 | ₹1.00 | semi annually | 2024-10-26 |
2024-02-20 | ₹1.00 | semi annually | 2024-03-13 |
2023-09-20 | ₹0.50 | semi annually | 2023-10-27 |
2023-03-24 | ₹1.00 | semi annually | 2023-04-15 |
2022-07-28 | ₹2.25 | semi annually | 2022-10-28 |
2022-03-28 | ₹2.50 | semi annually | 2022-04-15 |
2021-11-09 | ₹4.00 | semi annually | 2021-11-28 |
2021-09-20 | ₹1.80 | semi annually | 2021-10-28 |
2021-02-04 | ₹1.00 | semi annually | 2021-02-28 |
2019-08-22 | ₹0.50 | semi annually | 2019-09-02 |
2015-08-11 | ₹0.25 | semi annually | 2015-10-24 |
2015-02-18 | ₹8.75 | semi annually | 2015-02-23 |
2014-02-18 | ₹10.10 | semi annually | 2014-03-16 |
2013-08-02 | ₹2.00 | semi annually | 2013-10-20 |
2013-02-15 | ₹8.00 | semi annually | 2013-02-19 |
2012-08-09 | ₹4.00 | semi annually | 2012-10-21 |
2012-02-15 | ₹6.00 | semi annually | 2012-02-20 |
2011-08-10 | ₹6.00 | semi annually | 2011-10-22 |
2011-01-18 | ₹6.00 | semi annually | 2011-01-20 |
2010-07-29 | ₹8.50 | semi annually | 2010-10-30 |
2010-02-01 | ₹8.00 | semi annually | 2010-02-26 |
2009-07-30 | ₹6.50 | semi annually | 2009-09-01 |
2009-01-30 | ₹6.50 | semi annually | 2009-03-01 |
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 1.75%. Interested in purchasing Steel Authority of India stock? Use our calculator to estimate your expected dividend yield:
Steel Authority of India Financial Ratios
Steel Authority of India Dividend FAQ
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.
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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.
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.
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.