Coal India has moved higher by 5% to Rs 289 after the state-owned company said that its board of directors will meet next week to consider payment of interim dividend for the current fiscal.
A meeting of the board of directors of the company will be held on January 14, 2014, inter alia, to consider payment of interim dividend, if any, for the year 2013-14, Coal India said in a regulatory filing.
The company has fixed January 20, 2014 as the record date for the purpose of payment of interim dividend, it added.
Last year, the company had paid interim dividend of Rs 9.70 per share for the financial year 2012-13. The government holds a 90% stake in Coal India.
The stock opened at Rs 278 and touched high of Rs 292 after the announcement on the BSE. A combined over one million shares have changed hands on the counter so far on the BSE and NSE.
A meeting of the board of directors of the company will be held on January 14, 2014, inter alia, to consider payment of interim dividend, if any, for the year 2013-14, Coal India said in a regulatory filing.
The company has fixed January 20, 2014 as the record date for the purpose of payment of interim dividend, it added.
Last year, the company had paid interim dividend of Rs 9.70 per share for the financial year 2012-13. The government holds a 90% stake in Coal India.
The stock opened at Rs 278 and touched high of Rs 292 after the announcement on the BSE. A combined over one million shares have changed hands on the counter so far on the BSE and NSE.
