Coal India share price: Coal India shares to trade ex-dividend tomorrow for Rs 5.6 dividend

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Shares of the state-owned Coal India may remain in the spotlight today as the stock will start trading on an ex-dividend basis from tomorrow, i,e. January 31, which was fixed as the record date for determining the shareholder eligibility by the company.

“The Board of Directors at its meeting held on date has inter alia, declared 2nd Interim Dividend for the financial year 2024-25 @ Rs 5.60/- per equity share on the face value of Rs 10/- as recommended by the Audit Committee of CIL at its meeting held on date. As already intimated to stock Exchanges vide letter no CIL:XI(D):4157/4156:2025 dated 15.01.2025, the company has fixed Friday, 31st Jan’ 2025 as the “Record Date” for the purpose of declaration of 2nd Interim Dividend on equity shares for the Financial year 2024-25,” the company said in a previous exchage filing.


It was additionally informed that the payment of the above mentioned dividend will be made to the eligible shareholders on or before February 26.

The record date is determined by the company to identify shareholders eligible for an offer. To qualify for a buyback, bonus issue, or stock split, shares must be held in the demat account on the record date.


Shareholders must purchase the stock at least one day before the ex-date to be eligible for these offers, as settlements are completed the following day. Those who buy the stock on the ex-date are not eligible for dividends, splits, bonus issues, or similar benefits.

Also read: What to expect from stock markets ahead of Budget 2025? Kranthi Bathini's takeCoal India dividend history
Coal India has declared an equity dividend of Rs 26 per share in the last 12 months. Based on the current share price of Rs 380.60, the dividend yield is 6.83%.Coal India share price performance
Over the past year, Coal India share price has declined by 7.84%, while the last six months saw a significant drop of 25.9%. In the three-month period, the price decreased by 14.85%, and in the last month, there was a marginal decline of 0.32%.

Coal India shares closed 2.3% higher at Rs 379.45 on the BSE on Wednesday.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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