Introduction
Coal India Ltd, a Maharatna public sector undertaking, has long held its reputation as one of India’s top dividend-yielding stocks. With consistent dividend payouts and solid fundamentals, investors often see it as a dependable income-generating asset. As we move into FY2024–25, tracking its dividend updates becomes crucial for shareholders. This blog breaks down Coal India Ltd’s dividend overview, history, payout trends, and the financial performance that influences its shareholder returns.
Coal India Ltd Dividend Overview
Coal India Ltd is known for maintaining a high dividend payout ratio, often rewarding shareholders generously. The company, backed by strong cash flows from operations, maintains a consistent track record of dividend distribution. Here’s a snapshot of its most recent dividend details:
- Latest Dividend Declared: Rs.5.60 per share (Interim Dividend)
- Dividend Yield: 6.39%
- Record Date: 15 January 2025
- Ex-Dividend Date: 31 January 2025
- Payout Ratio: 49.8%
Coal India Ltd Dividend History
Over the years, Coal India Ltd has maintained a consistent dividend payout pattern, reflecting its strong financial footing and commitment to rewarding shareholders. Here's a detailed table showcasing the annual dividends and payout ratios:
Year
| Dividend Per Share (₹)
| Payout Ratio (%)
|
2024
| 26.0
| 42
|
2023
| 24.5
| 47
|
2022
| 23.00
| 60
|
2021
| 17.50
| 78
|
2020
| 19.50
| 44
|
2019
| 5.85
| 46
|
Coal India Ltd Dividend Yield & Financial Performance
Coal India Ltd offers one of the most attractive dividend yields in the PSU segment. The current yield stands at 7.95%, significantly higher than the industry average. This is supported by the company’s stable revenues, robust cash flow, and low debt levels. Its long-term contracts, captive coal production, and minimal working capital cycles contribute positively to its financial health, allowing for continued generous dividend payouts.
Coal India Ltd Dividend Policy & Factors Affecting It
Coal India Ltd follows a prudent dividend policy that aligns with its profitability, free cash flow, and capital requirements. The Ministry of Finance, being the majority shareholder, also influences its dividend declaration. Factors such as global coal prices, demand from power and steel sectors, regulatory policies, and capex needs play a major role in determining the annual payouts.
How to Check & Claim Dividends?
- Visit the official website of your depository (NSDL/CDSL) or your broker’s dashboard.
- Navigate to the ‘Corporate Actions’ or ‘Dividend’ section.
- Look for Coal India Ltd in the list and verify the payment status.
- Dividends are credited directly to your bank account linked with your demat account.
- In case of non-receipt, contact the company’s registrar or raise a ticket with your broker.
Conclusion & Investment Takeaways
Coal India Ltd stands out as a dividend powerhouse in the Indian equity space. With a near 8% yield and consistent payout history, it continues to be a go-to stock for income-focused investors. Backed by strong fundamentals and government support, it is well-positioned to sustain its dividend momentum. For those eyeing stable returns, Coal India Ltd dividend can be an attractive proposition in 2024–25, just like the NTPC dividend that attracts conservative investors.
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