PSU Stock Declares Dividend; Sets Record Date; Shares Down 17% in 5 Days; Is It a Buy?

MOIL Limited, one of India's leading manganese ore producers and a prestigious Miniratna PSU, has announced February 14, 2025, as the record date for its upcoming dividend payout.

The record date is crucial for determining shareholder eligibility for dividends. Investors holding MOIL shares in their demat accounts at the close of trading on February 14 will qualify for the dividend.

MOIL Dividend Details

MOIL has not yet disclosed the amount for its interim dividend; however, the company has provided the following details in its regulatory filing. According to the filing, the record date for determining the eligible members for the payment of the interim dividend for the fiscal year 2024-25 is set for February 14, 2025 (Friday).
The record date will be subject to the declaration of the dividend during the upcoming board meeting, which is scheduled to take place on February 11, 2025.

MOIL Dividend Track Record

MOIL has established itself as a company known for consistent dividend payouts over the years. In the fiscal year 2023-24, the company declared an interim dividend of Rs. 3.50 per share, with a record date of February 10, 2024. This was followed by a final dividend of Rs. 2.55 per share, recorded on August 30, 2024, bringing the total dividend for the year to ₹6.05 per share.

According to data from Trendlyne, MOIL Ltd. has announced 28 dividends since February 17, 2011, reflecting its shareholder-friendly policies. Over the past 12 months alone, the company distributed a total equity dividend of Rs.6.05 per share.

With the current share price at Rs.295.90, MOIL's dividend yield stands at 2.04%, making it an attractive choice for dividend-focused investors seeking stable returns from their portfolio.

MOIL Q3 FY25 Performance Update

MOIL has reported a Q3 financial report in the fiscal year 2024-25, recording exceptional results for the October-December 2024 period. The company achieved a record high in manganese ore production, reaching 4.6 lakh tonnes for Q3. Additionally, sales for the quarter also saw an impressive increase, totaling 3.88 lakh tonnes, with a 13% growth compared to the same period last year (CPLY).

Additionally, the company notes that for the period from April to December 2024, MOIL continued to build on its success, achieving notable milestones. The company produced 13.3 lakh tonnes of manganese ore, marking a 4.5% increase over the previous year's production. In terms of sales, MOIL recorded 11.39 lakh tonnes, which was 3.5% higher than the CPLY. Furthermore, the company made significant progress in its exploration activities, completing 72,340 meters of exploratory core drilling, an increase of 19% over the same period last year.

MOIL Share Performance

At the close of today's trading session, MOIL shares were priced at Rs.295.55, reflecting a decline of 5.70%. Over the past week, the stock has experienced a drop of approximately 17.56% in value. In the last six months, the shares have lost around 40% of their market value. Despite these recent setbacks, MOIL, a public sector enterprise, holds a market capitalization of Rs. 6,000 crore, continuing to be a major player in the PSU sector.