NMDC Dividend 2024: Iron ore producer announces first interim dividend - Check amount and record date

NMDC Dividend 2024, NMDC Dividend 2024 Record Date: India’s largest iron ore producer National Mineral Development Corporation Ltd (NMDC) has announced its first interim dividend for the financial year 2023-24. The state-run company has also a fixed record date to determine the eligibility of shareholders. 

NMDC Dividend 2024 

The company in an exchange filing has said that its board of directors has declared the first interim dividend of Rs 5.75 per equity share of the face value of Re 1.

"The Board in the said meeting also declared 1st Interim Dividend @ Rs 5.75 (Rupees five and seventy-five paise only) per equity share of face value of Re 1/- each for the financial year 2023-24," the company said in a regulatory filing.

NMDC Dividend 2024 Record Date

NMDC has also announced a record date to determine the eligibility of shareholders for payment of the first interim dividend.

According to the company, the record date is February 27, 2024.

NMDC Dividend History

Earlier, the company had announced a final dividend of Rs 2.85 in August. Below is the history of dividends announced by the company.

NMDC Share Price

The stock of NMDC closed 3.88 per cent higher at Rs 235.50 on Wednesday. The counter had closed at Rs 226.70 in the previous session. While it opened at Rs 225.90, the scrip went on to hit an intra-day high and low of Rs 237 and Rs 223.35, respectively, as per BSE.

NMDC Q3 Results

NMDC has reported a standalone net profit of Rs 1,492.7 crore for the October-December period (Q3 FY24), an increase of 67.7 per cent compared with the corresponding period a year ago which was better than analysts' expectations.