Coal India shares slip 2%; stock trades ex-dividend today

Coal India dividend 2023 record date, Coal India share price NSE: Shares of Coal India edged lower as the coal major traded ex-dividend on Friday, August 18. Coal India shares fell as much as over 2 per cent to touch the day's low of Rs 227 on the NSE after dividend adjustments. Coal India shares finished down 0.55 per cent at Rs 227.05 apiece on NSE. The central public sector undertaking (CPSU) announced a final dividend of Rs 4 per equity share. i.e., a 40 per cent payout for the financial year 2022–23, subject to the approval of the members in the forthcoming Annual General Meeting (AGM) of the company. Besides, August 18 is also the fixed record date for the purpose of ascertaining the eligibility of members for payment of the final dividend.

Coal India dividend payment 2023

As per Coal India's communiqué, the final dividend, if approved at the forthcoming AGM, will be paid to the eligible members within the stipulated period of 30 days from the date of the AGM.

Coal India dividend history

Source: NSE

Coal India Q1 result

Coal India registered a better-than-estimated set of numbers for the quarter ended June 30, 2023. The company posted a 10.1 per cent fall in its consolidated net profit to Rs 7,941.40 crore for the first quarter of the current fiscal, dragged by higher expenses. Read more

Coal India share price history

Coal India's stock has risen nearly 5 per cent over the last 12 months (from August 19, 2022). In comparison, the headline index Nifty 50 has rallied nearly 9 per cent.

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