On March 17, 2025, the public sector undertaking NMDC made headlines by declaring an interim dividend of ₹2.30 per share for the financial year 2024-25. This marks the company’s inaugural interim dividend for the current fiscal year, showcasing its commitment to return profits to shareholders. In a recent regulatory announcement, NMDC’s Board of Directors confirmed this exciting news, emphasizing its dedication to shareholder value.
Key Details About NMDC’s Interim Dividend
- Dividend Amount: ₹2.30 per share
- Record Date: March 21, 2025
NMDC specified that March 21 will serve as the official record date to determine which shareholders are eligible for this dividend. According to the company’s filing, “The interim dividend will be dispatched within the timelines set by the Companies Act, 2013 to all equity shareholders listed in our records as of the record date.”
NMDC’s Dividend History and Performance
Since August 2003, NMDC has issued a total of 44 dividends, with a payout of ₹1.50 per share over the past year. Presently, the company’s dividend yield stands at 2.31%, according to Trendlyne data. Earlier this year, NMDC also announced a bonus share issue in a 2:1 ratio, further enhancing its appeal to investors.
NMDC Share Price Trends
On the day of the announcement, NMDC shares ended trading at ₹64.96, reflecting a 1.77% increase. Over the past month, the stock has shown resilience, gaining 3.85% despite broader market challenges. In contrast, the BSE Sensex has experienced a 2.40% decline during the same timeframe. However, year-to-date, NMDC’s stock is down 1.55%.
Conclusion
With the declaration of this interim dividend, NMDC continues to affirm its position as a reliable player in the metal and mining sector. Investors looking for steady returns might find NMDC appealing, especially with its consistent dividend history and recent market performance. For more insights on market trends and financial strategies, check out our other articles related to stock investments and dividend opportunities.
