Coal India has moved higher by 2.2% at Rs 295, extending its previous day’s nearly 5% rally, after the state-owned company said that it has scheduled a board meeting next week to consider payment of an interim dividend.
"A meeting of the board of directors will be held on January 14 to consider payment of interim dividend, if any, for the year 2013-14," Coal India said in a filing to the BSE.
The company has fixed January 20, 2014 as the record date for the purpose of payment of interim dividend, it added.
In 2012-13, Coal India had paid an interim dividend of Rs 9.70 per share. The company had paid a total dividend of Rs 8,843 crore to the government, the highest ever in the history of the company. The government holds a 90% stake in Coal India.
The stock opened at Rs 292 and touched high of Rs 296 on the BSE. A combined around four million shares have changed hands on the counter so far on the BSE and NSE.
"A meeting of the board of directors will be held on January 14 to consider payment of interim dividend, if any, for the year 2013-14," Coal India said in a filing to the BSE.
The company has fixed January 20, 2014 as the record date for the purpose of payment of interim dividend, it added.
In 2012-13, Coal India had paid an interim dividend of Rs 9.70 per share. The company had paid a total dividend of Rs 8,843 crore to the government, the highest ever in the history of the company. The government holds a 90% stake in Coal India.
The stock opened at Rs 292 and touched high of Rs 296 on the BSE. A combined around four million shares have changed hands on the counter so far on the BSE and NSE.
