Rs 12/Share Dividend: This PSU Gas Stock Record Date Today; Shares Gain 5%

Midcap public sector undertaking, Mahanagar Gas Ltd (MGL) on Tuesday gave its nod to Rs 12 per equity share interim dividend of the face value of Rs 10/- each for the FY 2023-24. The company fixed February 5 as the record date.

The last trading price of Mahanagar Gas Ltd shares on NSE is Rs 1,467 apiece with an intraday fall of nearly 1%. Mahanagar Gas shares soared 29% in the last 3 months.

The company declared its consolidated net profit at Rs 317.18 crore for the quarter ended December 31, 2023, up 84% as compared to Rs 172.07 crore in the corresponding quarter of last year. Check the details below:

MGL Dividend: As per the BSE filing of the company released today, “Interim Dividend of Rs. 12/- per equity share having face value of Rs. 10/- each (i.e. 120%) for the Financial Year 2023-2024 and fixed Monday, 5% February 2024 as the Record Date for the purpose of determining the eligibility of shareholders for the Interim Dividend.

The Interim Dividend for the Financial Year 2023-2024 shall be paid to all the eligible shareholders within 30 days from the date of declaration.”