At current valuations, you d get a decent stock that could not only give FD-like returns but also have the potential for both capital appreciation and increased dividend payouts in the future.
The 52-week high acts as a significant technical indicator for traders and investors, representing the highest price a stock has reached in the previous year.
SAIL will turn ex-dividend on Wednesday. The state-run company had announced a final dividend of Re 0.50 per share. Wednesday would also be the record date for the purpose of determining eligible SAIL shareholders.
The central government has received a total of Rs 360 crore on a cumulative basis as dividends from five state-owned companies, the Department of Investment and Public Asset Management (DIPAM) said on Friday.
Those companies are Power Finance Corporation (PFC), Engineers India Limited (EIL), Balmer Lawrie Investments, Indian Railway Construction Limited (IRCON), and Rail India Technical and Econo