This PSU company announces Rs. 9.01 / Stock dividend: check the registration date if you want to add it to your portfolio


Date of registration of the payment of the interim dividend for fiscal year 2022

For the announced dividend, the company has also decided on the registration date and has set it for Wednesday, December 15, 2021. The registration date is the date on which the company finds out or determines the eligibility of the shareholders who will have the right to receive this dividend. -outside. On this registration date, you or a shareholder must have shares of this company in their demat account for the dividend payment to be credited on these shares on time.

Rs. 9.01 / dividend payment in shares soon by this company

Rs. 9.01 / dividend payment in shares soon by this company

If you’re still having trouble, the company we’re talking about is NMDC or NationalNational Mineral Development Corporation. The divestment of this major PSU began in July of this year via the OFS or the auction route. When selling the shares, the center planned to sell 7.49% of the company’s shares.

To learn more about other companies that will pay dividends, read on here soon.

About NMDC and its dividend history

About NMDC and its dividend history

Established in 1958 as a public company wholly owned by the Indian government, the NMDC is placed under the administrative control of the Ministry of Steel. Since its inception, the company has been dedicated to the exploration of a range of minerals, including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands, etc. the largest producer of iron ore in the country. Speaking of its script, the company commands a share price of Rs. 145.95 and has a market cap of Rs. 42,772 crore.

The company pays dividends regularly and considering the dividend of 7.76 per share from the previous year, the dividend yield turns out to be 5.32%, which is quite impressive.

Disclaimer:

Disclaimer:

Note that we are putting a stock that announced a dividend right in front of readers, however readers should not misinterpret this as a call to invest in the script.

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