Shares of Coal India Ltd (CIL) rose nearly 3%, touching the monthly high of Rs345.50, after company board has approved an interim dividend of Rs9.50 per equity share for the current fisca.
The date of the payment of dividend is 'on and from March 22, 2012', it said.
CIL had proposed to pay a higher dividend of Rs5,684.73 crore to the government for 2011-12 compared to the last fiscal.
CIL had paid a dividend of Rs2,217 crore to the government for last fiscal, while Rs2,210 crore for 2009- 10 and Rs1,705 crore for 2008-09.
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The date of the payment of dividend is 'on and from March 22, 2012', it said.
CIL had proposed to pay a higher dividend of Rs5,684.73 crore to the government for 2011-12 compared to the last fiscal.
CIL had paid a dividend of Rs2,217 crore to the government for last fiscal, while Rs2,210 crore for 2009- 10 and Rs1,705 crore for 2008-09.
....more info