Shares of the state-run National Aluminum Company (NALCOWednesday’s trading session fell a day ahead of the record date fixed on November 25, 2021, for payment of interim dividend for the financial year 2021-22. Board of Directors approves payment of interim dividend 2 per share (40% on face value of Rs.5/-) on paid-up equity share capital of Rs. 918.3 crores.
NALCO had informed, “Interim Dividend shall be paid on or before 10.12.2021 to all eligible shareholders, whose names are entered in the Register of Members as on the record date i.e. 25.11.2021.”
Interim dividend will be paid to shareholders whose names appear as: beneficial owners at the close of business as on 25.11.2021, in respect of shares held in electronic form, to be downloaded by NSDL and CDSL According to and B. After giving effect to the transmission/transposition, if any, in physical form recorded with the Company on or before 25.11.2021, as members in the Register of Members of the Company.
As per the BSE shareholding pattern, Indian veteran investor and stock market trader Rakesh Jhunjhunwala holds 1.36% stake in PSU company NALCO as of September 2021. Shares of NALCO have given multibagger returns this year (Year-to-date or YTD). The stock is up more than 118% in 2021. NALCO is a Navratna CPSE under the Ministry of Mines. The company has integrated and diversified operations in mining, metals and power.
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