MOIL Limited engages in the exploration, development, mining, beneficiation, and marketing of various grades of manganese ores in India. It operates through three segments: Mining, Manufacturing, and Power Generation. The company manufactures and sells various grades of manganese ores, such as high grade ores for the production of ferro manganese; medium grade ores for the production of silico manganese; blast furnace grade ores for producing hot metals; and dioxide for dry battery cells and chemical industries. It also offers electrolytic manganese dioxide for the manufacture of dry battery cells; high carbon ferro manganese; and ferro manganese slag. The company operates 11 mines located in the Nagpur and Bhandara districts of Maharashtra; and four mines in the Balaghat district of Madhya Pradesh. In addition, it operates wind energy farms with an installed capacity of 4.8 MW at Nagda Hills and 15.2 MW at Ratedi Hills in Dewas district of Madhya Pradesh. The company was formerly known as Manganese Ore (India) Limited. MOIL Limited was founded in 1896 and is headquartered in Nagpur, India.
MOIL Dividend Announcement
• MOIL announced a semi annually dividend of ₹2.55 per ordinary share which will be made payable on 2024-10-11. Ex dividend date: 2024-08-30
• MOIL annual dividend for 2024 was ₹6.05
• MOIL annual dividend for 2023 was ₹3.69
• MOIL's trailing twelve-month (TTM) dividend yield is 1.87%
• MOIL's dividend growth over the last five years (2018-2023) was -7.67% year
• MOIL's dividend growth over the last ten years (2013-2023) was -3.91% year
MOIL Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-30 | ₹2.55 | semi annually | 2024-10-11 |
2024-02-09 | ₹3.50 | semi annually | |
2023-09-08 | ₹0.69 | semi annually | 2023-10-20 |
2023-02-08 | ₹3.00 | semi annually | 2023-02-28 |
2022-09-08 | ₹3.00 | semi annually | 2022-10-23 |
2022-02-24 | ₹3.00 | semi annually | 2022-03-11 |
2021-09-08 | ₹4.90 | semi annually | 2021-10-29 |
2021-02-17 | ₹2.50 | semi annually | 2021-03-12 |
2020-09-10 | ₹3.00 | semi annually | 2020-10-27 |
2020-02-13 | ₹3.00 | semi annually | 2020-02-28 |
2020-02-06 | ₹3.00 | semi annually | |
2019-08-22 | ₹3.00 | semi annually | 2019-10-03 |
2019-02-14 | ₹3.00 | semi annually | 2019-02-26 |
2018-09-12 | ₹2.50 | semi annually | 2018-10-25 |
2018-02-16 | ₹3.00 | semi annually | 2018-03-08 |
2017-09-07 | ₹6.00 | semi annually | 2017-10-18 |
2017-02-22 | ₹5.00 | semi annually | 2017-03-10 |
2016-09-07 | ₹2.00 | semi annually | 2016-09-29 |
2016-02-17 | ₹3.00 | semi annually | 2016-03-04 |
2015-08-20 | ₹3.50 | semi annually | 2015-09-24 |
2015-02-26 | ₹5.00 | semi annually | 2015-03-10 |
2014-08-21 | ₹3.50 | semi annually | 2014-09-29 |
2014-01-30 | ₹4.00 | semi annually | 2014-02-14 |
2013-08-14 | ₹3.50 | semi annually | 2013-09-21 |
2013-02-14 | ₹2.00 | semi annually | 2013-03-01 |
MOIL Dividend per year
MOIL Dividend growth
MOIL Dividend Yield
MOIL current trailing twelve-month (TTM) dividend yield is 1.87%. Interested in purchasing MOIL stock? Use our calculator to estimate your expected dividend yield:
MOIL Financial Ratios
MOIL Dividend FAQ
Other factors to consider when evaluating MOIL 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: MOIL'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, MOIL 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, MOIL 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 MOIL 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: MOIL 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, MOIL distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: MOIL 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 MOIL'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 MOIL'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.