SAIL, NMDC Dividends in Focus Ahead of Record Dates; Here’s How the Two PSU Stocks Compare

Shares of Steel Authority of India Limited (SAIL) and NMDC traded in opposite directions on September 18, with both state-owned metal companies approaching their respective record dates for final dividends for FY2025-26.

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SAIL has declared a final dividend of ₹2.35 per equity share with a face value of ₹10. NMDC, meanwhile, has announced a dividend of ₹1 per share on a face value of ₹1. 

The difference is also visible in their annual dividend yields. SAIL’s annual dividend yield stands at 1.32%, while NMDC’s is 3.8%. 

SAIL sets September 30 as record date 

SAIL has fixed September 30 as the record date for determining shareholders eligible for its final dividend. 

In Friday’s trade, the Maharatna steel producer was up 1.14% at ₹177.15 on the BSE at 1:16 pm. Its market capitalisation stood at ₹73,164.58 crore. 

The stock touched a 52-week high of ₹209.70 on May 14, 2026, while its 52-week low of ₹124 was recorded on December 19, 2025. 

SAIL shares have risen around 33% over the past year. The stock has gained 36.8% over two years and approximately 83% over three years. 

NMDC record date falls in October 

NMDC has fixed October 5 as the record date for its dividend. Since October 2 will be a market holiday for Mahatma Gandhi Jayanti, the Mint report identifies October 1 as the relevant date by which investors would need to purchase the shares to be eligible for the payout. 

NMDC shares were down 0.54% at ₹80.47 on the BSE at 1:19 pm on Friday, giving the company a market capitalisation of ₹70,747.76 crore. 

The stock’s 52-week high stands at ₹97.49, reached on June 3, 2026. It had fallen to a 52-week low of ₹72.26 on November 24, 2025. 

Over the past year, NMDC shares have returned 4.86%. The two-year return stands at 13.94%, while the stock has gained 62.42% over three years. 

Dividend yields and stock returns differ 

While NMDC carries the higher annual dividend yield at 3.8%, compared with SAIL’s 1.32%, SAIL has recorded stronger share-price returns across the one-, two- and three-year periods covered in the report. 

The two PSU stocks also differed in Friday’s trading session, with SAIL trading higher and NMDC slipping marginally as their dividend record dates draw closer.