Coal India increases dividend payout for second time in a month
Coal
Kolkata - Arab Today
Coal India Ltd., the world’s biggest miner of the fuel, said it will pay a dividend of Rs1.15 a share, its second payout in less than a month.
The payment will amount to Rs7.13 billion ($109 million), according to Bloomberg calculations based on a stock exchange filing on Sunday. The Kolkata-based company has set March 29 as the record date for the latest payout. Earlier this month, Coal India announced a dividend of Rs18.75 a share, which was 32 per cent lower than the previous year’s payout.
Coal India earnings have declined because of provisions for a retroactive salary increase for staff. The company’s stock has declined about 0.7 per cent this year, compared with a 10.5 per cent gain in the benchmark S&P BSE Sensex.
“Until there is a recovery in earnings, the dividend yield remains the biggest draw for investors,” said Abhisar Jain, an analyst with Centrum Broking in Mumbai. “Also, there seems to be some pressure from the government to pay more.”
The federal government owns 79 per cent of Coal India, which has reported a year-over-year decline in earnings in the past three quarters.
Source :Times Of Oman
GMT 13:36 2017 Monday ,20 March
Thrifty Russians find new ways to save during two-speed recoveryGMT 13:23 2017 Monday ,06 March
Richest Indian plans to cut future tax bill with Reliance revampGMT 14:04 2017 Monday ,27 February
India seeks to transfer $4.4 billion HPCL stake to ONGCGMT 14:15 2017 Sunday ,19 February
Airbnb acquires Luxury Retreats, beating out Expedia, AccorGMT 14:27 2017 Thursday ,16 February
Lenovo profit misses estimates as PC rivals erode global leadRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 07:49 2017 Wednesday ,23 August
GPIC honours employee for academic achievement
GMT 13:23 2017 Thursday ,16 February
Qatar Stresses Importance of Accountability for War Crimes in Syria
GMT 21:13 2017 Monday ,12 June
Saudi Minister of Oil says
GMT 11:11 2017 Saturday ,23 December
Sevilla sack cancer-stricken coach Berizzo
GMT 20:56 2015 Wednesday ,05 August
EDF deal for new UK nuclear plant to be signed in OctoberGMT 04:26 2012 Sunday ,27 May
Fahey ruled out of EUROsGMT 21:38 2013 Wednesday ,10 April
Google weaves a web between human trafficking hotlines
GMT 18:06 2017 Sunday ,30 July
140 Jewish settlers storm Al Aqsa Mosque
GMT 14:44 2017 Thursday ,27 July
Heatwave continues Thursday, subsides over weekend
GMT 10:33 2017 Tuesday ,08 August
Egypt-Press-Headlines
GMT 12:20 2015 Tuesday ,03 March
DMCA to offer marine craft driving license services
GMT 11:58 2017 Thursday ,02 November
Gulf Craft Continues to Redefine On-Water Lifestyle Experience
GMT 13:32 2016 Saturday ,13 February
Fresh protests in Athens over pension reforms
GMT 10:54 2018 Sunday ,02 December
Egypt wins membership of World Water Council board of governors
GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countries
GMT 10:54 2018 Wednesday ,03 October
A year after Weinstein, Hollywood is still soul-searching
GMT 13:48 2016 Tuesday ,05 January
South African race storm over black 'monkey' Facebook slur
GMT 03:45 2014 Wednesday ,23 July
Algerian singers Idir, Mami at 10th Twiza Festival of Morocco
GMT 16:07 2017 Thursday ,02 March
HH the Emir Meets Prime Minister of BahrainGMT 16:07 2012 Monday ,16 July
Spicy baked chickenGMT 21:24 2012 Monday ,21 May
Sorrel soup
GMT 20:36 2014 Thursday ,26 June
Online retail in Turkey expected to grow rapidly
GMT 00:59 2017 Tuesday ,28 February
IMF chief’s advice for Arab countriesGMT 03:56 2013 Thursday ,24 January
Nokia makes Drive+ beta availableGMT 15:15 2013 Tuesday ,19 March
Amr Diab postpones album indefinitely
GMT 18:01 2013 Friday ,18 October
Lee Huxley announces release of ‘I Took the Sex Gods to Thailand’
GMT 10:23 2017 Thursday ,16 March
Actress Boshra resumed filming 'Deluge'
GMT 11:10 2017 Sunday ,16 July
sraeli policewoman injured by fireworks in Al QudsGMT 12:55 2012 Monday ,23 January
Falah Al Thahabi : Iraq media is evolving
GMT 20:52 2011 Thursday ,12 May
New BMW Super 6 spottedGMT 09:45 2012 Tuesday ,21 February
I\'m scared of intimacy after 9 years alone
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor