Copyright & copy HT Digital Streams Limited All Rights Reserved. 1 minutes checked out 02 May 2024, 06:22 AM IST Trade Now Asit Manohar Dividend paying stock: Coal India shares increase over 100% in FY24 Premium Dividend-paying stock: Total dividend stated by Coal India Ltd in FY24 is 24.50 (4 + 15.25 + 5.25) per share. (Photo: Mint) Dividend-paying stock: Coal India shares are among the dividend-paying stocks in the Indian stock exchange. The dividend stated by this PSU stock in FY24 is 24.50 (4, 15.25, and 5.25). Coal India share cost ended up on 31st March 2023 at 213.65 each on the NSE. This implies, in FY24, dividend-paying stock Coal India shares stated dividends to the tune of 11.50 percent, outshining the general public Provident Fund or PPF rates of interest, Sukanya Samriddhi Yojana (SSY) rates of interest, and bank FD returns throughout the just recently ended fiscal year 2023-24. Coal India dividend history As per the info readily available on the main BSE site– bseindia.com, Coal India shares traded ex-dividend on 18th August 2023 for payment of 4 per share dividend to its qualified investors. Later on, on 21st November 2023, Coal India shares when again traded ex-dividend to determine the list of qualified investors for the payment of 15.25 per share interim dividend payable in the fiscal year 2023-24. On 20th February 2024, Coal India shares traded ex-dividend for the last time in FY24 for the payment of 5.25 per share interim dividend. The overall dividend stated by Coal India Ltd in FY24 is 24.50 (4 + 15.25 + 5.25) per share in the whole FY24. Coal India dividend yield As Coal India shares ended at 213.65 on 31st March 2023, Coal India dividend yield in monetary 2024 is 11.50 percent [{( ₹4 + ₹15.25 + ₹5.25)/213.65} x 100]Trumps PPF, SSY, bank FD returns In FY24, the general public Provident Fund (PPF) rates of interest stayed at 7.10 percent, the SSY rate of interest was at 8.20 percent whereas the bank FD returns provided by frontline Indian banks stayed at 6 to 6 and a half percent. This indicates the particular returns provided by government-backed little conserving plans and bank repaired deposits were much listed below the Coal Indiadividend yield in FY24. Coal India share cost history In FY24, Coal India share rate rose from 213.65 to 434.10 each, providing a yearly yield of over 100 percent in the fiscal year 2023-24. Disclaimer: The views and suggestions made above are those of specific experts or broking business, and not of Mint. We encourage financiers to contact licensed specialists before making any financial investment choices. Open a world of Benefits! From informative newsletters to real-time stock tracking, breaking news and a tailored newsfeed– it’s all here, simply a click away! Login Now! Capture all business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. More Less Published: 01 May 2024, 09:41 AM IST Next Story
Dividend paying stock: Coal India dividend stated in FY24 beats PPF, bank FD, SSY returns|Mint – Mint
