The Board of Directors of NMDC Ltd (NMDC or National Mineral Development Corporation) held its meeting on December 3, 2021. It has declared Dividend of Rs 9.01 per equity share for the financial year 2021-22. The Board Meeting commenced at 2.30 p.m. and concluded at 5.45 p.m.
NMDC Ltd Q2FY22 Result
Consolidated net profit of India’s largest iron-ore producer NMDC Ltd. surged to ₹ 2,326.14 crore for the quarter ended September, from the ₹ 752.37 crore of the year earlier period, on the back of higher demand for iron and steel. Its came as total income rose sharply to ₹6,882.44 crore.
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NMDC Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 15 December 2021 as the Record date. Payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on Wednesday, 15 December 2021.
Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Above all, here is the copy of statement, the company has sent to the exchanges:
The Board or Directors of the Company at its meeting held on 3rd December 2021, inter-alia, declared interim dividend of Rs. he rote of Rs. 9.01 (Rupees Nine and One Paise Only) per equity share of face value at Re. 1 /- each for the financial year 2021-22. The interim dividend shall be paid / dispatched to the Shareholders of the Company as per the provisions of the Companies Act. 2013.
Important Dates
- Company – NMDC Ltd
- Script Name – NMDC (NSE) and 526371 (BSE)
- Dividend Amount – 9.01 Rs Per Share
- Dividend Type – Interim
- Ex-Dividend Date – 14 December 2021
- Record Date – 15 December 2021
- Payment Date – 2 January 2022
Also, you can find more information about NMDC Ltd on National Stock Exchange and Moneycontrol – NMDC Limited is an India-based iron ore producer and exporter. The Company operates in two business segments: iron ore and other minerals and services. It is engaged in the exploration of a range of minerals including iron ore, copper, rock phosphate, lime stone, etc.
