Mahanagar Gas Limited (MGL), a leading city gas distribution company, has announced a final dividend of ₹18 per share for the financial year 2024–25 (FY25). This comes on top of the interim dividend of ₹12 per share declared earlier in the year, bringing the total dividend payout to ₹30 per share for FY25.
📌 Key Highlights to know:
- Final Dividend: ₹18 per equity share
- Interim Dividend (already paid): ₹12 per share
- Total Dividend for FY25: ₹30 per share
- Face Value: ₹10 per share
- Total Cash Outflow: ₹177.8 crore
💰 Dividend Yield Calculation
As of the current market price of approximately ₹1,300 per share (as of May 2025), the total dividend of ₹30 per share offers a dividend yield of ~2.3%, which is considered attractive for income-focused investors.
📅 Important Dates
| Event | Date |
|---|---|
| Record Date | To be announced soon… |
| Ex-Dividend Date | To be announced soon… |
| Dividend Payment Date | Within 30 days of AGM |
(Exact dates will be updated once officially notified, so stay tuned here.)
📈 Historical Dividend Trends – MGL Dividend History
Mahanagar Gas has maintained a consistent dividend-paying track record over the years. Here’s a quick comparison of dividends paid in recent financial years:
| Financial Year | Interim Dividend | Final Dividend | Total Dividend |
|---|---|---|---|
| FY25 | ₹12 | ₹18 | ₹30 |
| FY24 | ₹10 | ₹16 | ₹26 |
| FY23 | ₹9 | ₹14 | ₹23 |
This progressive trend reflects the company’s strong cash flows and commitment to rewarding shareholders.
🧾 Total Dividend Outgo
According to MGL’s exchange filing, the total cash outflow on account of the FY25 dividend amounts to ₹177.8 crore, showcasing the company’s robust financial position and shareholder-friendly capital allocation strategy.
🏢 About Mahanagar Gas Limited (MGL)
Mahanagar Gas Limited (MGL) is one of India’s premier city gas distribution (CGD) companies, headquartered in Mumbai, Maharashtra. Established in 1995, MGL has been instrumental in driving the transition to cleaner, more sustainable energy sources in the Mumbai Metropolitan Region (MMR) and beyond.
🔹 Key Business Operations:
MGL supplies natural gas for:
- Domestic use (piped natural gas or PNG)
- Commercial and industrial use
- Compressed Natural Gas (CNG) for vehicles
With a growing network of over 1,000 CNG stations and a strong pipeline infrastructure spanning over 6,000 km, MGL has become a reliable and efficient energy provider in Western India.
🔹 Financial Strength & Dividend Track Record:
The company consistently reports healthy profits and strong free cash flows, enabling regular and increasing dividend payouts. MGL is also debt-free, which adds to its financial stability and investor appeal.
🔹 ESG & Future Outlook:
MGL plays a key role in India’s clean energy transition and supports government initiatives aimed at reducing pollution and promoting sustainable urban living. With ongoing expansion into new geographical areas and infrastructure upgrades, the company is well-positioned for long-term growth.
🔹 Stock Market Presence:
- Ticker Symbol: MGL
- Listed On: NSE & BSE
- Sector: Oil & Gas – City Gas Distribution
MGL is also widely held by retail and institutional investors, and its regular dividend payments make it a favorite among income-seeking investors.
🔍 Key Takeaways for Investors
- Keyword focus: Mahanagar Gas dividend 2025, MGL dividend history, MGL share dividend.
- Consistent and growing dividend payout year-on-year.
- Total FY25 payout of ₹30/share reflects ~15.4% growth from FY24.
- Attractive dividend yield (~2.3%) at current market levels.
Stay tuned to www.dividendinfo.in for the latest updates on dividend announcements, record dates, and ex-dividend alerts.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a financial advisor before making any investment decisions.
