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SAIL, IGL and NMDC set dividend record dates for late September and October

Steel Authority of India Limited set Sept. 30 as its record date for a ₹2.35 per-share dividend, with the payout planned by month end.

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LiveMint Markets reports that three public sector undertakings, Steel Authority of India Limited, Indraprastha Gas Limited, and NMDC Limited, have fixed dividend record dates that fall by the end of September or in October.

The outlet says SAIL has announced a ₹2.35 dividend per equity share, representing 23.5% of the per share face value of ₹10. LiveMint Markets adds that SAILs annual dividend yield stood at 1.72% and the companys board set Wednesday, Sept. 30, as the dividend record date.

Investors need to own the shares before the record date to qualify for the dividend payout, according to LiveMint Markets. The report also lists IGL and NMDC as additional PSU dividend candidates with record dates in September end or October, tied to upcoming payouts.

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