Coal India Dividend 2024 Latest News, Coal India Dividend 2024 Record Date, Coal India Share Price Target 2024: Coal India board is set to meet this month to announce the quarterly results of the state-owned company, CIL informed the exchanges. Coal India Limited, which accounts for over 80 per cent of domestic coal output, is also likely to announce second interim dividend to its shareholders in the upcoming meet and has already fixed the record date for the same.
Read More:- IPOs next week: Four mainboard, one SME public issues to raise around ₹2,700 crore; full list here
Coal India Dividend 2024 Latest News
A meeting of the Board of Directors of the company will be held on Monday, the 12th February to consider and approve the quarterly results ended 31st December, 2023.
The company in a regulatory filing said, that the board may also consider and declare payment of 2nd interim dividend for the financial year 2023-24.
Read More:- Interim Budget 2024: E-Commerce Expects Simplified Regulatory Rules, Skill Development, MSME Support
Coal India Dividend 2024 Record Date
The Company has fixed Tuesday, 20th February as the record date for the purpose of payment of 2nd interim dividend on equity shares for the financial year 2023-24.
Coal India Dividend 2024 Payment Date
Dividend is likely to paid within 30 days from the date of the announcement of the dividend.
Coal India Dividend Yield
The company has had a dividend yield of 5.87 per cent in the last 12 months, as per its current market price.
Also Read– ‘Superpower India Rising, China Not So Much’: Int’l Praise for Navy’s Rescue Op in Gulf of Aden
Coal India Dividend History
Coal India announced dividends on three occasion in 2023, totalling to Rs 24.5. Prior to that in 2022, the company distributed dividends thrice amounting to a total of Rs 23.
Coal India Share Price Target 2024
Axis Securities has tagged ‘BUY’ rating on the mining company. Domestic broking firm has recommended a price target of Rs 430 per share. “CIL has demonstrated a good production run rate so far and is implementing several measures to support its production targets,” the brokerage said in its research report.
Also Read– Latest SBI Fixed Deposit Rates 2024: Check How Much Return You Will Get
Coal India is the largest coal producer in the world. The government of India conferred the Maharatna status on CIL in April 2011, providing the company with operational and financial autonomy. As of March 2023, CIL operates 322 mines, comprising 138 underground, 171 opencast, and 13 mixed mines. The company holds total resources of 178 billion tonnes (BT) and reserves of 54 BT. As of April 2021, India’s total coal resource estimate stood at approximately 352 BT.
