Coal India Limited, together with its subsidiaries, produces and market coal and coal products in India. The company offers coking coal primarily for use in steel making and metallurgical industries, and for hard coke manufacturing; and semi coking coal that is used as blend-able coal in steel making, merchant coke manufacturing, and other metallurgical industries. It also provides non-coking coal that is used as thermal grade coal for power generation, as well as for cement, fertilizer, glass, ceramic, paper, chemical, and brick manufacturing, and other heating purposes. In addition, it offers beneficiated and washed non-coking coal for use in power generation; beneficiated non-coking coal for use in cement, sponge iron, and other industrial plants; and middling products for power generation and by domestic fuel plants, brick manufacturing units, cement plants, industrial plants, etc. Further, the company provides rejects that are used for fluidized bed combustion boilers for power generation, road repairs, briquette making, land filling, etc. The company was incorporated in 1973 and is headquartered in Kolkata, India.
Coal India Dividend Announcement
• Coal India announced a quarterly dividend of ₹15.75 per ordinary share which will be made payable on 2024-11-24. Ex dividend date: 2024-11-05
• Coal India annual dividend for 2024 was ₹26.00
• Coal India annual dividend for 2023 was ₹24.50
• Coal India's trailing twelve-month (TTM) dividend yield is 9.79%
• Coal India's dividend growth over the last five years (2018-2023) was 0.62% year
• Coal India's dividend growth over the last ten years (2013-2023) was 5.76% year
Coal India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-05 | ₹15.75 | quarterly | 2024-11-24 |
2024-08-16 | ₹5.00 | quarterly | 2024-09-20 |
2024-02-20 | ₹5.25 | quarterly | |
2023-11-21 | ₹15.25 | quarterly | 2023-12-10 |
2023-08-18 | ₹4.00 | quarterly | 2023-09-22 |
2023-02-08 | ₹5.25 | quarterly | 2023-03-02 |
2022-11-15 | ₹15.00 | quarterly | 2022-12-06 |
2022-08-11 | ₹3.00 | quarterly | 2022-09-29 |
2022-02-21 | ₹5.00 | quarterly | 2022-03-16 |
2021-12-06 | ₹9.00 | quarterly | 2021-12-21 |
2021-09-02 | ₹3.50 | quarterly | 2021-10-15 |
2021-03-15 | ₹5.00 | quarterly | 2021-04-04 |
2020-11-19 | ₹7.50 | quarterly | 2020-12-11 |
2020-03-19 | ₹12.00 | quarterly | 2020-04-11 |
2019-03-22 | ₹5.85 | quarterly | 2019-04-13 |
2018-12-28 | ₹7.25 | quarterly | 2019-01-19 |
2018-03-16 | ₹16.50 | quarterly | 2018-04-09 |
2017-03-14 | ₹18.75 | quarterly | 2017-04-05 |
2016-03-14 | ₹27.40 | quarterly | 2016-03-21 |
2015-03-03 | ₹20.70 | quarterly | 2015-03-29 |
2014-01-17 | ₹29.00 | quarterly | 2014-02-13 |
2013-09-06 | ₹4.30 | quarterly | 2013-10-19 |
2013-03-18 | ₹9.70 | quarterly | 2013-04-13 |
Coal India Dividend per year
Coal India Dividend growth
Coal India Dividend Yield
Coal India current trailing twelve-month (TTM) dividend yield is 9.79%. Interested in purchasing Coal India stock? Use our calculator to estimate your expected dividend yield:
Coal India Financial Ratios
Coal India Dividend FAQ
Other factors to consider when evaluating Coal India as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Coal India's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Coal India publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Coal India distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Coal India are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Coal India sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Coal India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Coal India declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Coal India's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Coal India's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.