Coal India Dividend 2024: Board recommends final dividend of Rs 5 - Check Details

Coal India Dividend 2024: Coal India Limited, a public sector undertaking (PSU), has informed exchanges that its board of directors has recommended a final dividend of Rs 5 per share for the financial year 2023-24.  

"Further, the Board of Directors in its meeting held on date had recommended payment of Final Dividend for the financial year 2023-24 @ 5/- per share of the face value of Rs 10/- as recommended by the Audit Committee of CIL in its meeting held on date subject to the approval of the Members at the ensuing Annual General Meeting (“AGM”) of the Company, " the company said in an exchange filing. 

The company has not announced the record date and payment date for this corporate action yet. 

Earlier, the company had announced an interim dividend of Rs 5.25 for which the ex-date was February 20, 2024. 

Meanwhile, the coal behemoth has reported a 26.2 per cent rise in consolidated net profit to Rs 8,682.20 crore for the March quarter.

The company's consolidated net profit stood at Rs 6,875.07 crore in the year-ago period, Coal India Ltd (CIL) said in a regulatory filing.

Its consolidated income in the January-March period declined to Rs 39,654.50 crore from Rs 40,371.51 crore a year ago.

CIL accounts for over 80 per cent of the country's domestic coal production.

With PTI inputs