Mining Navratna Stock Declared 1st Interim Dividend Of Rs 3.75/Share, Sets Record Date, Check Details

NMDC Ltd, a midcap stock, has declared the 1st Interim Dividend in its Board meeting held on 14 February 2023. The company has declared Rs 3.75/share interim Dividend for the Financial Year ending 2023. NMDC is Navratna PSU stock under the ownership of the Ministry of Steel, Govt. Of India. It has a market capitalisation of Rs 33,980.37 crore. Below are key details about the stock:

NMDC Ltd Declared Interim Dividend of Rs 3.75/share

According to the company's filing to the exchange, "The Board of Directors of the Company at its meeting held on Tuesday the l 41h February 2023, inter-alia, fixed Friday the 24th February 2023, as the record date for the purpose of payment of first interim dividend a t the rate of Rs. 3.75 ps. (Rupees Three and Seventy Five Paise Only) per equity share of face value of Re. 1 /- each for the financial year 2022-23. The first interim dividend shall be paid / dispatched to the Equity Shareholders of the Company, as per the provisions of the Companies Act 2013, whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners of the equity shares as on Friday, the 24th February 2023, which is the Record Date fixed for the purpose."

 

NMDC Ltd Stock Outlook, Returns and 52-Week Low/High

The current share price of NBDC on NSE is Rs 115.95/share. The stock hits its 52 week high on 11 April 2022 at Rs 143.13/share and 52 week low on 15 July 2022 at Rs 81.27/share, respectively. The stock has fallen 11.56% in 1 month and 1.49% in 1 week, however, it gained 2.11% in the past 3 months. It has fallen 24.09% in the last 1 year. In the last 3 years, it gained 9.03%. In 5 years it has fallen 13.24%.

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