Wednesday, December 04
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India’s Coal share price drew attention on November 5, 2024, as the stock went ex-dividend with a record date for its first temporary dividend of ₹15.75 per share for FY 2024-25. This means investors buying shares from today onward will not receive this particular dividend. The stock will open higher at ₹429.70 on the Bombay Stock Exchange (BSE), a 1% increase from its prior close of ₹427.65, and rose to ₹432 during morning trading, reflecting investor interest in dividend-driven gains.

Ex-dividend days often bring notable trading activity as some investors look to secure dividends before selling, while other buyers will see dividend potential. Coal India’s consistent dividend strategy has made it appealing to income-focused investors, reinforcing its role as a stable option for long-term portfolio income. As India deals with coal producers, its coal dividends provide steady returns, so its ex-dividend days typically will attract high trading volumes and focused market interest.
 

Dividend Details

25 of October 2024, India’s Coal Board of Directors approved a first temporary dividend of ₹15.75 per share for FY 2024-25, based on a ₹10 face value per share. The record date for this dividend is set as 5 November 2024, meaning shareholders on this date are eligible for the payout. The payment is scheduled to be completed by 24 November 2024, according to the company’s statement.

 

Strong trading volumes boost investor confidence.

India Coal reported strong volume growth in October 2024, with production reaching 62.5 million tonnes, up 2.5%. This is a positive improvement after July-September. When we saw the production getting lower due to the monsoon. In Q2 FY25, India's Coal output was 152.06 million tonnes, slightly below the 157.43 million tonnes from the same quarter last year. However, for the April-October t, production totaled 403.8 million tonnes, marking a 2.5% increase year-on-year.

 

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