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The board of directors of Coal India on Thursday approved an interim dividend of ₹7.25 a share for financial year 2018-19. The company has already fixed December 31 as record date for payment of dividend.
The dividend payment will be made from January 5, 2019.
The Centre, which holds 486.17 crore shares (78.32 per cent stake in the company), will collect ₹3,524.71 crore, while LIC will get ₹463.81 crore through its holding — LIC 55.69 crore shares and LIC P&GS 8.28 crore shares.
Apart from this, 5.8 lakh retail investors who hold 10.13 crore shares will also benefit.
Coal India, the country’s largest miner, posted over an eight-fold rise in consolidated net profit to ₹3,084.70 crore for the quarter to September 2018.
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