Maharatna PSU Turns Ex-Dividend Today: 2nd Interim Dividend Amount, Dates

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Maharatna PSU Turns Ex-Dividend Today: 2nd Interim Dividend Amount, Dates
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The state-owned coal miner Coal India (NS: COAL ) turned ex-dividend on Wednesday for an interim dividend of 52.5% for the financial year 2022-23.

Coal India’s Board of Directors declared a second interim dividend of Rs 5.25/share on the face value of Rs 10 each for FY23 while releasing its earnings results for the December quarter.

The Maharatna PSU has set the record date for declaring the second interim dividend for FY23 as Feb 8, 2023. The date of payment or dispatch of the corporate benefit will be within March 2, 2023.

The mega-cap giant declared its first Interim Dividend for FY23 of Rs 15/share on Nov 7, 2022, aggregating to a 150% dividend to eligible shareholders.

Read Also: Coal India Trades Ex-Dividend: Record Date For 150% Dividend & Fair Value

The world’s largest coal producer reported an all-time high profit after tax of Rs 7,755.55 crore in Q3 FY23, jumping 70.1% YoY, backed by higher add-on over the notified price in the e-auction sale of coal during the period.

Shares of the company declined 1.73% to Rs 216.19 apiece at 9:22 am on Wednesday.

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