Coal India announces record date for final dividend ahead of Q1 results next week

Coal India, the largest government-owned coal producer, on Saturday announced the record date for the payout of final dividend for the financial year 2023-24 (FY24).

The record date has been fixed as August 16, 2024, the central public sector undertaking informed the exchanges. The regulatory filing comes less than a week ahead of the release of first quarter results by the company.

Earlier, on May 2, the company's board of directors had given the nod for the rollout of a final dividend of ₹5 per equity share for FY24, subject to the approval of shareholders.

Coal India Q1 results date

Coal India has informed the bourses that its board will be meeting on Thursday, July 31, to consider and approve the release of the standalone and consolidated results for the first quarter of fiscal year 2024-25 (Q1FY25).

In the business update for the quarter shared earlier this month, Coal India had noted that its coal production climbed to 189.3 million tonnes (MTs) in April-June 2024, higher by 8% as compared to 175.5 MTs in the corresponding year-ago period.

The production amount surpassed the target of 189.2 MTs set for the quarter under review.

Coal India shares

The Maharatna PSU's shares have given returns of around 23% in the past six months. Year-to-date, the stock has climbed by about 33%, whereas a massive gain of 133% has been logged in the past 12 months.

On Friday, Coal India's shares last traded at ₹509.85 apiece on the National Stock Exchange (NSE), up 3.21% as against the previous session's close.