Business News: Coal India Dividend: The country's government coal-producing company, Coal India Limited, has announced a dividend for its investors. For the financial year 2023-24, the company announced giving a 50 per cent dividend to its investors on shares with a face value of Rs 10 each. Accordingly, shareholders will be paid a dividend of Rs 5 per share. The record date fixed by the company's Board of Directors for payment of dividends is now very close.
What is the record date for Coal India Dividend?
The Board of Directors of Coal India Limited had fixed Friday, August 16, as the record date for the payment of dividends for the financial year 2023-24. However, the final decision on the payment of dividends will be made at the company's AGM. If the dividend payment is approved in the AGM, then the dividend money will be paid into the investors' bank accounts within 30 days from the date of the AGM.
The company's shares closed with a good gain on Friday
On Friday, the company's shares closed at Rs 529.40 with a healthy gain of Rs 6.25 (1.19%). The current price of the company's shares remains around its 52-week high. According to BSE data, the 52 52-week high of the company's shares is Rs 542.00, and the 52-week low is Rs 226.10. During Friday's trading, the shares of Coal India travelled from a low of Rs 522.00 to a high of Rs 531.35.
Coal India Share Price History
Coal India shares have given its investors a return of 7.25 per cent in the last one month, 125.56 per cent over the previous one year, 145.66 per cent in the last two years, 269.43 per cent in the last three years and 154.95 per cent over the previous 5 years. The current market cap of Coal India is Rs 3,26,254.84 crore.
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