Coal India may announce 20-25% additional dividend on June 14

KOLKATA: 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 .