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Coal India Shares Dip 4% as Company Goes Ex-Dividend; Declares Rs 15.25 Interim Dividend

21 Nov 2023 , 01:09 PM

Coal India shares decline by 4% in early trade on November 21 as the company trades ex-dividend. Board declares first interim dividend for the current fiscal year at Rs 15.25 per equity share (152.5%), with payment scheduled for December 9. At the time of writing, Coal India was trading at Rs 333.85 which is a 4% dip than the previous day’s close.

Coal India declares an equity dividend of 242.50% (Rs 24.25 per share) for the year ended March 2023. Ex-dividend trading reflects a decrease in share price by the dividend amount as new shareholders are not entitled to the payment. 

Consolidated net profit for the quarter ended September 30, 2023, rises 12.5% to Rs 6,800 crore. Higher sales and increased profit contribution from joint ventures contribute to the profit growth.

Other stocks trading ex-dividend from November 21 include ONGC, EID Parry, EPL, Gillette India, Gujarat Pipavav Port, National Peroxide, RMC Switchgears, Senco Gold, Sun TV Network, Talbros Engineering, and Tide Water Oil.

For feedback and suggestions, write to us at editorial@iifl.com

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