NLC India Dividend 2024 Record Date, Share Price, History

News: NLC India Limited (NSE: NLCINDIA, BSE: 513683) is a prominent player in the utilities sector, specifically electric utilities. The company has a strong track record and attracts both seasoned investors and newcomers.

Dividend History

NLC India has consistently rewarded its shareholders with dividends over the years. Let’s take a look at some key points:

• Total Dividends Declared: Since August 31, 2000, NLC India has declared 39 dividends.
• Recent Dividend: In the past 12 months, the company declared an equity dividend of ₹3.50 per share.
• Current Share Price: As of now, NLC India’s share price stands at ₹252.70.

Upcoming Dividend

Mark your calendars! NLC India is set to distribute an interim dividend of ₹1.50 per share on February 16, 2024. If you’re a shareholder, this is an important date to remember.

Historical Dividends

Here are some recent dividends declared by NLC India:

1. February 18, 2023: Final dividend of ₹2.00 per share.
2. February 24, 2023: Interim dividend of ₹1.50 per share.
3. September 21, 2022: Final dividend of ₹1.50 per share.
4. March 15, 2022: Interim dividend of ₹1.50 per share.

Dividend Yield

At the current share price, NLC India’s dividend yield is approximately 1.39%. Remember, dividend yield is a crucial metric for investors seeking income from their investments.

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About NLC India Limited :

NLC India Limited (formerly known as Neyveli Lignite Corporation India Limited) is a central public sector undertaking under the administrative control of the Ministry of Coal, Government of India. Let’s dive into some key details about this significant organization:

Overview of NLC India Limited

• Sector: NLC India operates in the utilities sector, with a focus on electric utilities.
• Market Cap: As of now, NLC India has a market capitalization of approximately ₹39,290 crore.
• Ownership: It falls under the ownership of the Ministry of Coal, Government of India.
• Business Segments:
  • Power: NLC India is involved in power generation.
  • Coal and Lignite: The company is also active in fossil fuel mining.
  • Thermal Power Generation: NLC India contributes significantly to thermal power generation.

NLC India’s commitment to rewarding shareholders through dividends makes it an attractive choice for investors. Keep an eye on the record date and stay informed about future announcements.

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FAQs

Q: When will NLC India’s Third Interim Dividend be recorded?

A: The Record Date for NLC India’s Third Interim Dividend is scheduled for February 16, 2024.

Q: How much dividend did NLC India declare for the financial year 2023-24?

A: NLC India announced a dividend of ₹1.50 per equity share for the financial year 2023-24.

Q: What’s up with NLC India in the market now?

A: As of February 14, 2024, NLC India’s stock price is ₹237.25, showing a decrease of -1.72%. The company’s market capitalization is ₹32.90 trillion, the P/E ratio is 13.19, and the dividend yield is 1.48%.