 "Coal India gains on interim dividend plan")
Coal India was up 2% at Rs 327 on the BSE after the company announced that the board will meet on March 06, 2017, to consider payment of interim dividend, if any, for the year 2016-17.
“The company has fixed March 15, 2017 as the record date for the purpose of payment of interim dividend on equity shares for the financial year 2016-17, if declared by the board,” Coal India said in regulatory filing.
The stock will turn ex-dividend on March 14, 2017.
In previous financial year 2015-16, Coal India had paid interim dividend of Rs 27.40 per share.
Till 11:04 am; a combined 1.16 million shares changed hands on the counter on the BSE and NSE.
“The company has fixed March 15, 2017 as the record date for the purpose of payment of interim dividend on equity shares for the financial year 2016-17, if declared by the board,” Coal India said in regulatory filing.
The stock will turn ex-dividend on March 14, 2017.
In previous financial year 2015-16, Coal India had paid interim dividend of Rs 27.40 per share.
Till 11:04 am; a combined 1.16 million shares changed hands on the counter on the BSE and NSE.
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