Coal India’s second interim dividend likely to be Rs4-5 per share

KOLKATA : State-owned Coal India’s second interim dividend could be in the range of ₹4-5 per share as it is working to match the previous year’s total dividend amid an outstanding of ₹25,000 crore, coupled with sluggish demand, sources said on Thursday.

The miner had announced ₹7.5 per share as the first interim dividend in November.

The board of Coal India is slated to meet on March 5 as it mulls to pay a second interim dividend.

Coal India is facing a tough time but it is working to match at least last year’s total dividend payout, which was ₹12 per share, sources told PTI.