Coal India has announced interim dividends for shareholders for the first time in its financial year 2022 to 2023. In this article, you will learn Coal India Dividend dates and history. So, read the article till the end to gain proper knowledge.
Coal India Ltd. Dividend History & Payment Dates Overview:
|Day/Month/Year||Effective Date||Dividend Date||Dividend (Percentage)||Remarks|
|4th November 2022||15th November 2022||Interim||150||15 INR per share in First Interim Dividend|
|25th May 2022||11th August 2022||Final||30||3 INR per share in the Final Dividend|
|8th February 2022||21st February 2022||Interim||50||5 INR per share in Second Interim Dividend|
|23rd November 2021||6 th December 2021||Interim||90||9 INR per share in the Interim Dividend|
|14th June 2021||2nd September 2021||Final||35||3.5 INR per share in Final Dividend|
|23rd February 2021||15th March 2021||Interim||50||5 INR per share in Second Interim Dividend|
|6th November 2020||19th November 2020||Interim||75||7.5 INR per share in Interim Dividend|
|26th February 2020||19th March 2020||Interim||120||12 INR per share in Interim Dividend|
|6th March 2019||22nd March 2019||Interim||58.5||5.85 INR per share in Second Interim Dividend|
|17th December 2018||28 December 2018||Interim||72.5||7.25INR per share in Interim Dividend|
|26th February 2018||16th March 2018||Interim||165||16 INR per share in Interim Dividend|
|23rd March 2017||27th March 2017||Interim||11.5||1.15 INR per share in Second Interim Dividend|
|21st February 2017||14th March 2017||Interim||187.5||18.7 INR per share in Interim Dividend|
Along with dividend dates, if you want you may know about Coal India Share Price Target.
Coal India Dividend 2022
According to the Coal India Limited, each share of face value 10 INR will receive a 15 INR (150 percent dividend). In accordance with its Audit Committee’s recommendation, the Board of Directors of Coal India declared 15 INR per share of face value of 10 INR as the first interim dividend for the financial year 2022-2023.
The record date for Coal India’s first interim dividend on equity shares for the financial year 2022-2023 is 16th November 2022. The 1st Interim Dividend was paid/dispatched on 6th December 2022.
In other words, Coal India shareholders will receive 15 INR dividends for each share they hold as of the record date. For example, if you own 1000 shares of Coal India at the record date, the company will pay you 15000 INR in dividends.
It was 16th November 2022 when the dividend record date for Coal India was set, and 6th December 2022 was the date on which the dividend was paid. Ex-dividend date was 15th November 2022. High dividends have often been paid by Coal India. Over 9 percent of Coal India’s dividends are paid out each year. Coal India declared an equity dividend of 170% for fiscal year 2021-2022.
Over the past few months in 2022, Coal India stock has returned more than 8 percent, and it has grown by more than 50 percent in the past six months. Shares of Coal India have returned around 65% to investors by the end of 2022.
During the second quarter of this year, Coal India’s net profit surged by 102 percent to Rs 6,044 crore. A 28 percent increase in year-over-year revenue was recorded by the company at Rs 29,838 crore.
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Coal India Dividend History 2021
The dividend yield of Coal India is high. Dividends are paid to shareholders by the company in a timely manner. In terms of dividend yield, Coal India’s dividend yield is over 9 percent.
On 2nd September 2021, 3.5 INR per share with 35% in Final Dividend for the shareholders.
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Frequently Asked Questions:
Does Coal India give dividend every year?
Coal India has announced that its Shareholders will receive an interim dividend in the amount of 15 INR each for the financial year ending March 2023. Dividend record date was 16th November 2022, and payment date was 6th December 2022. In the last five years, the dividend per share has averaged 15 INR and the dividend per share has averaged 150%.
How many times Coal India gives dividend?
The company declared an equity dividend of 170.00% amounting to 17 INR per share for the year ending March 2022. Dividend yield is 7.61% based on the current share price of 223.45 INR per share. Dividends have been consistently declared by the company for the past five years, which is a good dividend track record.
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Here, you have learned about Coal India Dividend Dates and History. You are welcome to post a comment below if you have any questions.
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