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 Rs 13,000 crore.
“The board will try declaring another round of dividend but it is expected to be less than two interim dividends of Rs 7.5 and Rs 5 on each share of Rs 10 each,” the sources told PTI.
The total interim dividend for FY21 is Rs 12.5 per share and the final dividend could be Rs 2-2.5 per share to make the final total dividend not less than Rs 15 per share, sources indicated.
