Thursday, 23 February 2017

Coal India Ltd board to consider dividend payout next month

State-run Coal India said that its board will next month consider payment of interim dividend for the ongoing fiscal. "A meeting of board of directors of the company will be held on March 6 inter alia to consider payment of interim dividend, if any, for the year 2016-17," CIL said in a filing to BSE. 

The company has fixed March 15 as the record date for the purpose of payment of interim dividend on equity shares for the fiscal FY'17, if declared by the board. Coal India accounts for over 80 per cent of the domestic coal production.

Meanwhile, shares of the company were trading at Rs 327.1 apiece, up 2.35 per cent from the previous close at 12:16 hours on BSE.

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