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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 3.1%
NMDC's dividend growth over the last five years (2018-2023) was 8.95% year
NMDC's dividend growth over the last ten years (2013-2023) was -1.91% year

NMDC Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-17₹1.50semi annually2024-10-24
2024-02-27₹5.75semi annually2024-03-15
2023-08-31₹2.85semi annually2023-10-07
2023-02-24₹3.75semi annually2023-03-16
2022-02-17₹5.73semi annually2022-03-10
2021-12-14₹9.01semi annually2022-01-02
2021-03-22₹7.76semi annually2021-04-10
2020-02-18₹5.29semi annually2020-03-07
2019-03-22₹5.52semi annually2019-04-11
2018-03-26₹4.30semi annually2018-03-31
2017-09-14₹1.00semi annually2017-10-22
2017-03-16₹4.15semi annually2017-04-06
2016-03-30₹1.50semi annually2016-04-18
2016-02-24₹9.50semi annually2016-03-11
2015-09-21₹1.30semi annually2015-10-29
2015-02-18₹4.25semi annually2015-02-27
2014-11-13₹3.00semi annually2014-11-23
2014-02-17₹5.50semi annually2014-04-01
2013-11-07₹3.00semi annually2013-11-23
2013-09-19₹4.00semi annually2013-10-25
2013-02-28₹1.00semi annually2013-03-08

NMDC Dividend per year

NMDC Dividend growth

NMDC Dividend Yield

NMDC current trailing twelve-month (TTM) dividend yield is 3.1%. Interested in purchasing NMDC stock? Use our calculator to estimate your expected dividend yield:

NMDC Financial Ratios

P/E ratio11.28
PEG ratio0.11
P/B ratio2.42
ROE23.34%
Payout ratio0.00%
Current ratio2.37
Quick ratio2.13
Cash Ratio0.01

NMDC Dividend FAQ

How much is the next NMDC dividend?
NMDC's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next NMDC dividend. The next NMDC dividend will be released in February, or August.
When is NMDC dividend paid?
NMDC pays dividends on a semi annually basis. The specific dates may vary each year but are generally around February, and August. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does NMDC pay?
The specific amount of NMDC dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find NMDC's dividend history.
Does NMDC stock pay dividends?
Yes, NMDC does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find NMDC's dividend history.
How much dividend does NMDC pay?
NMDC paid ₹7.25 in 2024, ₹6.6 in 2023, ₹5.73 in 2022, ₹16.77 in 2021, and ₹5.29 in 2020.
How often does NMDC pay dividends?
NMDC typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around February, and August.
What is NMDC's dividend yield?
The current dividend yield for NMDC is 3.1%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate NMDC's exact dividend yield.
When does NMDC go ex dividend?
NMDC's ex-dividend date for the latest dividend was on 2024-09-17. NMDC typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next NMDC dividend paid?
NMDC pays dividends on a semi annually basis, typically around February, or August, but the exact dates can vary each year.
Will NMDC increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether NMDC will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is NMDC dividend per share?
NMDC paid ₹7.25 per share in 2024 and ₹6.6 per share in 2023. The amount of dividend per share that NMDC pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is NMDC a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is NMDC a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is NMDC a dividend stock?
Yes, NMDC is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is NMDC a good dividend stock?
Whether NMDC is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. NMDC has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does NMDC pay dividends monthly?
NMDC typically pays dividends on a semi annually basis.
Does NMDC pay dividends quarterly?
NMDC currently pays dividends on a semi annually basis.
Has NMDC ever paid a dividend?
Yes, NMDC has a history of paying dividends to its shareholders. NMDC is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy NMDC dividend stocks?
To buy NMDC you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy NMDC stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does NMDC pay dividends 2024?
NMDC pays dividends on a semi annually basis. 2024 dividend payments are in 2024-10-24. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will NMDC increase its dividend in 2024?
Decisions regarding NMDC dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date NMDC dividend overview you can look into the above table of dividend history.
How NMDC dividend works?
The NMDC dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how NMDC's dividend process works:

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.
How are NMDC dividends paid?
NMDC dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does NMDC pay dividends?
NMDC typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does NMDC pay dividends?
The general pattern is that NMDC pays dividends around February, and August. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is NMDC dividend safe?
The safety of NMDC's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.