State-owned Coal India (CIL) today said its board has approved an interim dividend of Rs 9.50 per equity share for the current fiscal.
CIL's board, which met today, approved the payment of interim dividend for 2011-12, the company said in a regulatory filing to the BSE.
The date of the payment of dividend is "on and from March 22, 2012", it said.
According to an official document, CIL had proposed to pay a higher dividend of Rs 5,684.73 crore to the government for 2011-12 compared to the last fiscal.
CIL had paid a dividend of Rs 2,217 crore to the government for last fiscal, while Rs 2,210 crore for 2009-10 and Rs 1,705 crore for 2008-09.
Shares of CIL closed at Rs 336.15 apiece, up 0.39% from the previous close, on the BSE.