World’s largest miner Coal India Ltd is expected to reward its shareholders with an additional final dividend of 20-25 per cent in its board meeting on June 14 that will declare fourth-quarter financial results, sources said.
The miner though failed to achieve targeted production and offtake targets for FY21 but it has surpassed the revised capital expenditure target of ₹13,000 crore.
“The board will try declaring another round of dividend but it is expected to be less than two interim dividends of ₹7.5 and ₹5 on each share of ₹10 each,” the sources told PTI.
The total interim dividend for FY21 is ₹12.5 per share and the final dividend could be ₹2-2.5 per share to make the final total dividend not less than ₹15 per share, sources indicated.
