Dividend Adjustment of GAIL for March 2023

Find out all the information about the Dividend Adjustment of GAIL for March 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how GAIL (India) Limited will adjust its dividends according to SEBI regulations.

Maharatna Company GAIL Limited announces the Interim Dividend of ₹ 4 per share on March 13, 2023. This translates to a yield of 3.60% based on the closing price of ₹ 111.05 on March 10, 2023. The ex-dividend date is set for March 21, 2023, with the record date for dividend payment scheduled for March 21, 2023.

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, GAIL will adjust its dividends in both the futures/options and cash markets.

Dividend adjustment of GAIL for march 2023

Dividend Adjustment of GAIL for March 2023 in the Cash

Investors who buy GAIL shares on or prior to March 21, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of GAIL for March 2023 the Futures

In the futures market, GAIL’s futures contracts will be adjusted by subtracting the dividend amount from the March 20, 2023 closing price. For instance, if GAIL closes at ₹ 114 on March 20, 2023, one futures contract would be worth ₹ 114 x 9150 = ₹ 10,43,100. The next day, March 21, 2023, the value of the same contract would be adjusted to ₹ 110 x 91500 = ₹ 10,06,500. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of GAIL for March 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. March 29, 2023, and those expiring on, April 27, 2023, and May 25, 2023. This can be understood through the table given below:

GAIL Dividend Adjustment

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