MSTC Ltd Announces Dividend, But Not at ₹4.5 Per Share: Here's What You Need to Know

In recent financial updates, MSTC Ltd, a Miniratna PSU under the Ministry of Steel, has been actively distributing dividends to its shareholders. However, there is no recent announcement of a dividend of ₹4.5 per share. Instead, MSTC has declared several dividends in the past year, including a significant 320% interim dividend for the financial year ending March 2025, which translates to ₹32 per equity share.

 

For the financial year 2023-24, MSTC recommended a final dividend of ₹5 per equity share, in addition to interim dividends. The company's dividend yield has been attractive, with a recent yield reported at around 7.71%.

 

MSTC's financial performance has seen fluctuations, with a notable decline in profit after tax in the March 2024 quarter compared to the previous year. Despite this, the company's shares have shown significant growth, surging 46% year-to-date and 215% over the past year.

 

Sources: MSTC Dividend Announcement, Good Returns, INDmoney