Coal India trades ex-interim dividend; stock down 2%

The stock was down 2.4% at Rs 291, the largest loser among the Sensex and Nifty 50 index at 09:37 am

Coal India (CIL) was trading 2.4% lower at Rs 291 on BSE as the stock is trading ex-interim dividend for Rs 1.15 per share.

The board of directors of CIL in its meeting on March 26, 2017 approved payment of second interim dividend for the financial year 2016-17 at Rs 1.15 per share of the face value of Rs 10.

“The company has fixed Wednesday, the March 29, 2017 as the ‘record date’ for the purpose of payment of second interim dividend,” CIL said in a regulatory filing.

The date of payment of second interim dividend is