NMDC Limited, together with its subsidiaries, explores for and produces iron ore in India. It explores for a range of minerals, such as iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands, etc., as well as gold and coal. The company primarily holds interests in the Bailadila iron ore mines located in Kirandul Complex and Bacheli Complex, Chattisgarh; Donimalai iron ore mines located in various regions, including Donimalai, Kumaraswamy, and Ramandurg in Karnataka; and a diamond mining project located in Panna, Madhya Pradesh. It also produces and sells sponge iron and pellets; and generates and sells wind power. The company also exports its iron ore products to Japan and South Korea. The company was formerly known as National Mineral Development Corporation Limited. NMDC Limited was incorporated in 1958 and is headquartered in Hyderabad, India.
NMDC Dividend Announcement
• NMDC announced a semi annually dividend of ₹1.50 per ordinary share which will be made payable on 2024-10-24. Ex dividend date: 2024-09-17
• NMDC annual dividend for 2024 was ₹7.25
• NMDC annual dividend for 2023 was ₹6.60
• NMDC's trailing twelve-month (TTM) dividend yield is 3.07%
• NMDC's dividend growth over the last five years (2018-2023) was -5.16% year
• NMDC's dividend growth over the last ten years (2013-2023) was -1.91% year
NMDC Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-17 | ₹1.50 | semi annually | 2024-10-24 |
2024-02-27 | ₹5.75 | semi annually | |
2023-08-31 | ₹2.85 | semi annually | 2023-10-07 |
2023-02-24 | ₹3.75 | semi annually | 2023-03-16 |
2022-02-17 | ₹5.73 | semi annually | 2022-03-10 |
2021-12-14 | ₹9.01 | semi annually | 2022-01-02 |
2021-03-22 | ₹7.76 | semi annually | 2021-04-10 |
2020-02-18 | ₹5.29 | semi annually | 2020-03-07 |
2019-03-22 | ₹5.52 | semi annually | 2019-04-11 |
2018-03-27 | ₹4.30 | semi annually | 2018-03-31 |
2018-03-26 | ₹4.30 | semi annually | |
2017-09-14 | ₹1.00 | semi annually | 2017-10-22 |
2017-03-16 | ₹4.15 | semi annually | 2017-04-06 |
2016-03-30 | ₹1.50 | semi annually | 2016-04-18 |
2016-02-24 | ₹9.50 | semi annually | 2016-03-11 |
2015-09-21 | ₹1.30 | semi annually | 2015-10-29 |
2015-02-18 | ₹4.25 | semi annually | 2015-02-27 |
2014-11-13 | ₹3.00 | semi annually | 2014-11-23 |
2014-02-17 | ₹5.50 | semi annually | 2014-04-01 |
2013-11-07 | ₹3.00 | semi annually | 2013-11-23 |
2013-09-19 | ₹4.00 | semi annually | 2013-10-25 |
2013-02-28 | ₹1.00 | semi annually | 2013-03-08 |
NMDC Dividend per year
NMDC Dividend growth
NMDC Dividend Yield
NMDC current trailing twelve-month (TTM) dividend yield is 3.07%. Interested in purchasing NMDC stock? Use our calculator to estimate your expected dividend yield:
NMDC Financial Ratios
NMDC Dividend FAQ
Other factors to consider when evaluating NMDC 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: NMDC'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, NMDC 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, NMDC 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 NMDC 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: NMDC 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, NMDC distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: NMDC 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 NMDC'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 NMDC'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.