State-Owned Company Fixes Record Date For Dividend, Stock Hits New 52-Week High

Coal India Limited (CIL), the state-owned coal mining corporate, came into being in November 1975. With a modest production of 79 Million Tonnes (MTs) at the year of its inception CIL today is the single largest coal producer in the world and one of the largest corporate employer with manpower of 272445 (as on 1st April, 2020). The company has announced an equity dividend of 30% or Rs 3 per share earlier this year.

It has now fixed the record date for dividend. It has a market capitalization at Rs 1,31,666.69 crore. Check details below:

1. Coal India Ltd Fixes Record Date For Dividend

The board of directors of the company has stated in their BSE filing, "The Company has fixed Friday, August 12,2022 as the "Record Date" for the Purpose of determining the Members eligible to receive Final Dividend for the Financial Year 2021-22."

2. Coal India Ltd Stock Outlook

The current market price of the stock is Rs 213 apiece with a gain of 1.09%. The 52-week high of the stock is Rs 213 apiece and 52-week low is Rs 132 apiece. Today the stock of Coal India has also touched a new 52-week high. The stock has touched the day's high range so far in trade today at 213.65 apiece. The ROE of the stock is 68 and PE is 11.63. The company has registered surging cash flow and cash from operating activity.

3. Coal India Ltd Dividend History

It has maintained a good dividend history and declared dividend regularly for the last 5 years. It has declared an equity dividend of 170% or Rs 17 per share for the year ending March 2022. It has a dividend yield of 8/09%.

4. Coal India Ltd Overview

CIL is a Maharatna company - a privileged status conferred by Government of India to select state owned enterprises in order to empower them to expand their operations and emerge as global giants. The select club has only ten members out of more than three hundred Central Public Sector Enterprises in the country.