The state-owned NMDC is back with more good news. The country’s largest iron ore producer is set to announce its first interim dividend for FY25, adding to its history of shareholder friendly moves.
Here are five key things to know: Dividend announcement date set
NMDC has scheduled a board meeting on March 17, 2025, to consider an interim dividend for FY25. If approved, this will be the company’s first dividend payout for the year, rewarding investors once again after its 2:1 bonus issue in December 2024.
Trading window closed for insiders
As per regulatory norms, NMDC has closed its trading window from March 7 to March 19, 2025. During this period, insiders, including designated persons and their relatives, are restricted from trading the company’s securities ahead of the official announcement.
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NMDC has a history of dividend payouts. Last financial year, the company distributed Rs 7.25 per share, surpassing the previous year’s Rs 6.6 per share. Looking back, NMDC’s highest-ever dividend was a massive Rs 23.1 per share in February 2008, a record that still stands.
NMDC’s stock performance
NMDC’s share price gained nearly 5% in the last five days and about 4% over the past month. However, looking at a broader timeline, the stock has faced challenges. Over the past six months, NMDC’s share price has slipped nearly 9%, and on a one-year basis, it is down by around 12%. Even on a year-to-date (YTD) basis, the stock has delivered a marginal negative return of 0.5%.
The 52-week high of the company stands at 95.45 per share and the 52-week low of this Navratna PSU is at Rs 59.70.
A Navratna PSU – About the company
Formerly known as National Mineral Development Corporation, NMDC is a Navratna PSU engaged in the exploration of iron ore, coal, graphite, diamonds, and more. It plays a crucial role in India’s mining sector and is one of the major player in the industrial minerals space.
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