In a recent development, the National Mineral Development Corporation Ltd (NMDC), India’s premier iron ore producer, has announced the dividend for the fiscal year 2023-24, showcasing its ongoing commitment to shareholder returns. This move is indicative of the company’s solid financial performance and its strategy to distribute profits among its investors.
Dividend Announcement Overview:-
The NMDC board has resolved to distribute an interim Dividend @ Rs 5.75 (Rupees five and seventy-five paise only) per equity share of face value of Re 1/- each for the financial year 2023-24, the company said in a regulatory filing.
Important Dates for Shareholders:-
One of the critical pieces of information for investors is the establishment of the record date, which NMDC has set as February 27, 2024. This date is crucial as it determines which shareholders are eligible to receive the dividend, based on the company’s records on that day.
Historical Dividend Payments
| EX Date | Amount (₹) |
| 27 Feb 2024 | 5.75 |
| 31 Aug 2023 | 2.85 |
| 24 Feb 2023 | 3.75 |
| 17 Feb 2022 | 5.73 |
| 14 Dec 2021 | 9.01 |
| 22 Mar 2021 | 7.76 |
| 18 Feb 2020 | 5.29 |
| 22 Mar 2019 | 5.52 |
| 27 Mar 2018 | 4.3 |
| 14 Sep 2017 | 1 |
| 16 Mar 2017 | 4.15 |
| 30 Mar 2016 | 1.5 |
| 24 Feb 2016 | 9.5 |
| 21 Sep 2015 | 1.3 |
| 18 Feb 2015 | 4.25 |
| 13 Nov 2014 | 3 |
| 17 Feb 2014 | 5.5 |
| 7 Nov 2013 | 3 |
| 19 Sep 2013 | 4 |
| 28 Feb 2013 | 1 |
| 22 Nov 2012 | 2 |
| 13 Sep 2012 | 2.5 |
| 9 Feb 2012 | 1 |
| 17 Nov 2011 | 1 |
| 15 Sep 2011 | 2.15 |
| 10 Feb 2011 | 1.15 |
| 29 Jul 2010 | 1 |
| 04 Feb 2010 | 0.75 |
| 20 Aug 2009 | 1.18 |
| 19 Feb 2009 | 1.03 |
| 04 Aug 2008 | 0.54 |
| 30 Jan 2008 | 23.1 |
| 01 Nov 2007 | 10 |
| 14 Aug 2007 | 8.5 |
| 18 Jan 2007 | 19 |
| 19 Oct 2006 | 0 |
| 14 Jul 2006 | 8.42 |
| 02 Feb 2006 | 11.54 |
| 31 Oct 2005 | 7.69 |
| 04 Jul 2005 | 7.6 |
| 03 Feb 2005 | 3.85 |
| 04 Aug 2004 | 3.5 |
| 28 Aug 2003 | 3 |
| 28 Aug 2002 | 2.5 |