On 14th January, 2014, CIL declared highest ever Interim Dividend. The Board of Directors of CIL in its 303rd meeting held on 14th January 2014 considered payment of Interim Dividend for the year 2013-14 and approved payment of Rs.29/- per share of face value of Rs.10/- each i.e. 290%. This is the highest ever Interim Dividend announced by the company. Last year company paid an Interim Dividend of Rs.9.70 per share in March 2013. The total out-go from the company would be around Rs.18317.46 crore out of which Government of India who holds 90% of company’s shares would get Rs.16485.71 crore.
In addition, Govt. of India would also get dividend distribution tax of Rs.3113.05 crore from CIL and its Subsidiaries. Thus Govt. of India will get Rs.19598.76 crore from CIL and its Subsidiaries by way of Dividend and its tax.
This dividend would be disbursed on and from 25th January 2014 to those shareholders who are holding the CIL shares on 20th January 2014.
