Steel Authority of India (SAIL) is once again in focus this September. This Maharatna PSU has fixed the record date and ex-dividend date, and the countdown has begun for shareholders eyeing the Rs 1.60 per share payout. With the AGM scheduled soon and the dividend buzz around SAIL, let’s take a look at the key factors every investors should watch out for this company –
SAIL Dividend 2025: Dividend announcement
SAIL’s board approved a dividend of Rs 1.60 per share during its April-June quarter results. This is 16% of the company’s paid-up equity share capital. The announcement was made earlier in May through an exchange filing.
SAIL Dividend 2025: Ex-dividend date
The stock will trade ex-dividend today, September 8. Under T+1 settlement, investors must buy SAIL shares on or before the ex-date to receive the dividend by the record date.
SAIL Dividend 2025: Record date
The company fixed September 9, that is tomorrow, as the record date for identifying eligible shareholders. Only those holding the stock on this date will be entitled to the final dividend for FY25.
SAIL Dividend 2025: Payment timeline
The final dividend will be credited within 30 days from shareholder approval at the upcoming AGM. The 53rd Annual General Meeting of SAIL is scheduled for September 16, through video conferencing.
SAIL Dividend 2025: Dividend history
In 2024, it rewarded investors twice, totalling Rs 2 per share. In 2023, it paid Rs 1 and Rs 0.50. Earlier, in 2022 and 2021, dividends stood at Rs 4.75 and Rs 6.80 per share, respectively.
SAIL Share performance
The SAIL stock has shown resilience in 2025. The share price of SAIL gained 2% in the latest session and surged 9% in the past week. On a monthly basis, it returned 9%, while in six months, it added 23%.
The share price of the company so far in 2025 gained 17%. The company’s market cap is about Rs 54,790 crore. Its 52-week high is at Rs 144.20 and the low is at Rs 99.15 per share.