Maharatna Stock Coal India Declares Interim Dividend, Ex-date Soon

Coal India Ltd., (CIL) a maharatna PSU company has announced an interim dividend of Rs. 15, after its board meeting on November 7. The record date has been fixed as November 16.

Coal India informs stock exchanges, "Interim Dividend for the financial year 2022-23 @ Rs. 15.00/- per share of the face value of Rs. 10/- as recommended by the Audit Committee of CIL at its meeting held on date. As already intimated to stock Exchanges vide letter no CIL: XI (D):4157/4156:2022 dated 26.10.2022, the company has fixed Wednesday, 16th Nov' 2022 as the "Record Date" for the purpose of declaration of 1st Interim Dividend on equity shares for the Financial year 2022-23. The date of payment/despatch of "1st Interim Dividend" shall be by 6th Dec' 2022."

Stock performance

In the last 1 month CIL's share price gained by 8.55%, the past 6 months its share price gained by 36.30%, and in the last 1 year its share price has gained by 45.31%. The 52-week high level of this stock is Rs. 251.35, and the 52-week low level of this stock is Rs. 139.15. This large-cap PSU company has a market capitalization of Rs. 153,790 crore.

Maharatna company is known as a company that has recorded net profit of more than Rs. 5,000 crore for 3 consecutive years. The company should also have an average annual turnover of Rs. 25,000 crore for 3 years. CIL is one of the top maharatna PSU stock.

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