Coal India Declares Rs 5.15 Final Dividend, Sets August 21 as Record Date
Coal India Limited (CIL) has declared a final dividend of Rs 5.15 per share, totaling Rs 3,173.80 crore. The record date is set for August 21, with shareholder approval pending at the August 28 annual general meeting. The government, holding a 63.13% stake, will receive Rs 2,003.00 crore. This dividend follows two interim dividends paid earlier this fiscal year. CIL's current dividend yield stands at 6.88%, although its stock has declined 26% year-to-date.

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Coal India Limited (CIL), the state-owned coal mining behemoth, has announced a final dividend of Rs 5.15 per share, subject to shareholder approval at the upcoming annual general meeting scheduled for August 28.
Dividend Details
The total dividend payout amounts to Rs 3,173.80 crore, benefiting nearly 23 lakh shareholders. Investors looking to qualify for this dividend must purchase CIL shares by August 20, as the company has set August 21 as the record date.
Government and Retail Investor Benefits
The Indian government, which holds a 63.13% stake in Coal India, stands to receive Rs 2,003.00 crore from this dividend distribution. Retail investors, defined as those with holdings up to Rs 2 lakh, will collectively receive Rs 132.00 crore.
Previous Dividend Payments
This final dividend comes on top of two interim dividends paid earlier:
- Rs 15.75 per share in October
- Rs 5.60 per share in January
Dividend Yield and Stock Performance
Coal India currently boasts a dividend yield of 6.88%, making it an attractive option for income-focused investors. However, the company's stock performance has been mixed:
- Closed at Rs 387.80 on Tuesday, down 0.60% for the day
- Remained flat over the past 12 months
- Declined 26% year-to-date
Recent Corporate Development
While not directly related to the dividend announcement, it's worth noting that Coal India recently signed a non-binding Memorandum of Understanding (MoU) with Konkan Railway Corporation Limited on August 18. The MoU aims to develop rail infrastructure for CIL and its subsidiaries, potentially impacting the company's future operations and efficiency.
Investors and stakeholders are advised to keep an eye on the upcoming annual general meeting on August 28, where the final dividend will be put to a vote for approval.
Historical Stock Returns for Coal India
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.98% | -3.44% | -3.77% | +2.65% | -29.20% | +167.85% |