Coal India Dividend 2023 Record Date Latest News, Coal India Dividend History, Coal India Dividend Yield, Coal India Dividend Payment Date, Coal India Share Price NSE BSE: Coal India Limited (CIL), the state-owned coal mining corporate is a Maharatna company which came into being in November 1975. With a modest production of 79 Million Tonnes (MTs) at the year of its inception CIL, today is the single largest coal producer in the world and one of the largest corporate employers.
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Coal India Dividend 2023 Record Date News
The company under the Ministry of Coal has fixed Tuesday, 21st November 2023 as the Record Date for the purpose of payment of first interim dividend on equity shares for financial year 2023-24. The company will be trading ex-date on the same day i.e. 21st November. The same is subject to approval by the board at a meeting scheduled for Friday, the 10th November 2023.
Coal India Dividend History
This year, the company has already announced final dividend and interim dividend so far. It announced Rs 4 final dividend in August and Rs 5.25 in February. Earlier in 2022, the company distributed dividends on three occasions, totalling to Rs 23. Similarly, in 2021, the company paid dividends on three occasions, amounting a total of Rs 17.5.
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Coal India Yield
Dividend yield, expressed as a percentage, is a financial ratio (dividend/price) which is the measure of how much a company pays out in dividends each year relative to its stock price.
According to a list of the highest dividend-yielding PSU shares compiled by Religare Broking, Coal India is among the top dividend-paying PSU stocks. As per report, Coal India has dividends per share (DPS) of 24.3 in FY23 and and 17 in FY22. It has a dividend yield of 7.7 per cent, the report added.
Coal India Share Price History
At the time of filing this report, Coal India share price was trading at Rs 317.70 apiece on the National Stock Exchange (NSE), up by 1.10 per cent. In the last six months, the stock has grown 36.44 per cent.
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The counter has delivered multibagger returns of 1670.71 per cent in the last three years, making investors richer by bumper returns. On Year-To-Date (YTD) basis, the scrip has given 41.26 per cent returns.
