Coal India turns ex-dividend

Coal India is trading higher by 2.4% at Rs 299 (adjusted to dividend) on the National Stock Exchange (NSE). The stock turned ex-dividend for Rs 27.40 per share today.

The board of directors of Coal India at its meeting held on March 5, 2016, had approved payment of interim dividend for the financial year 2015-16 @ Rs 27.40 per share of the face value of Rs 10.

The date of payment is on and from March 21, 2016.

The company has fixed March 15, 2016 as the record date for determining the eligibility of shareholders for the purpose of payment of interim dividend.

In last week, post interim dividend announcement, the stock had underperformed the market by falling nearly 2% as compared to a marginal 0.29% rise in Nifty 50 index.

Meanwhile, according to PTI reports, five worker unions of state-owned Coal India will meet Coal and Power Minister Piyush Goyal today to deliberate on various issues, including disinvestment. CLICK HERE TO READ FULL REPORT.

Till 09:41 AM, a combined 2.72 million shares changed hands on the counter on the NSE and BSE.


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