The board of Coal India announced its first interim dividend of Rs 15.75 per share for the financial year 2025 earlier in the month of October, fixing November 5 as the record date for determining shareholder eligibility.
“The Board of Directors at its meeting held on date has inter alia, declared 1st Interim Dividend for the financial year 2024-25 @ Rs.15.75/- per share on the face value of Rs 10/- as recommended by the Audit Committee of CIL at its meeting held on date,” said the company in a filing to the exchanges.
The company additionally informed that the dividend to the shareholders will be paid by November 24.
In the past 12 months, Coal India has declared equity dividends amounting to Rs 25.50 per share and at a share price of Rs 454.15, the company’s dividend yield is 5.61%.
This means today is the last day to buy the shares of these companies to be eligible for the dividends declared by them as the shareholders who appear in the company’s books as of the record date receive the dividends.Those buying the stock on the ex-date are not eligible for dividends and after the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.Hence, the shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day.
Following is the list of other stocks that will trade ex-dividend from Tuesday:
Care Ratings announced an interim dividend of Rs 7 per share.
Dr. Lal Path Labs announced an interim dividend of Rs 6 per share.
Sasken Technologies announced an interim dividend of Rs 12 per share.
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