Coal India sets August 16 as record date for final dividend

The dividend, once approved, will be distributed to shareholders holding equity shares as of the record date, either in electronic or physical form.

Coal India has announced that it has fixed Friday, August 16, 2024, as the record date to determine the eligibility of shareholders for the final dividend payment of Rs 5 per share for the financial year 2023-24.

This follows the company's board meeting on May 2, 2024, where the final dividend was recommended, pending approval at the upcoming Annual General Meeting (AGM).

The dividend, once approved, will be distributed to shareholders holding equity shares as of the record date, either in electronic or physical form. In compliance with the Income Tax Act, 1961, Coal India will deduct taxes at the prescribed rates, with the rate varying based on the shareholder's residential status and the documents submitted for dividend payment.