Coal India shares to turn ex-dividend

Shares of Coal India will turn ex-dividend on Friday. The PSU major has declared an interim dividend of ₹7.25 a share for financial year 2018-19. Investors who wish to receive the dividend need to buy the company’s shares by Thursday, as the company has fixed December 31 as the record date for payment of dividend. The payment will be made from January 5, 2019. As of September end, 5.8 lakh retail investors held 10.13 crore shares or 1.55 per cent stake in the company.