NMDC Dividend 2024 Record Date, Share Price, History

What is NMDC?

News: NMDC Limited, also known as the National Mineral Development Corporation, is a prominent Indian public sector enterprise. Its primary focus lies in the exploration and extraction of minerals, including iron ore, diamonds, and other valuable resources. Established in 1958, NMDC has played a crucial role in India’s industrial growth and resource development.

Dividends: A Shareholder’s Reward

Dividends are like little bonuses that companies give to their shareholders. When a company makes a profit, it shares a portion of that profit with its investors. NMDC, being a responsible corporate citizen, consistently rewards its shareholders through dividends.

NMDC Dividend History

Let’s take a peek into NMDC’s dividend history:

Year Ending March 2023:

• NMDC declared an equity dividend of 660.00%, which translates to Rs 6.6 per share. If you own NMDC shares, this dividend is your slice of the profit pie.

• At the current share price of Rs 230.05, this results in a dividend yield—a fancy term for how much you earn from dividends relative to the share price—of… well, let’s just say it’s a nice bonus!

Previous Dividends:

• In the past, NMDC has been generous with its dividends. For instance:

• In 2019, an interim dividend of 529% was distributed.

• In 2018, another interim dividend of 552% made shareholders smile.

• And back in 2017, a final dividend of 100% was the cherry on top.

NMDC Dividend 2024: What to Expect?

As we step into 2024, NMDC continues to be a reliable choice for investors. Here’s what you need to know:

• Record Date: Keep an eye out for the official announcement of the record date. This is the date on which NMDC will determine who gets to enjoy the upcoming dividend.
• Share Price: NMDC’s share price can fluctuate due to market dynamics, but it’s essential to track it. A higher share price means a better yield for you.
• Historical Context: Understanding NMDC’s past dividend patterns can provide insights into what might happen in 2024. Remember, history often repeats itself in the financial world.

The Minerals We Seek

NMDC’s quest revolves around uncovering valuable minerals that fuel our economy. These include:

1. Iron Ore: The backbone of steel production.
2. Copper: Essential for electrical applications.
3. Rock Phosphate: A vital ingredient in fertilizers.
4. Limestone: Used in construction and cement.
5. Diamonds: The epitome of luxury and brilliance.
6. Tungsten: A robust metal with diverse applications.

Investing in NMDC isn’t just about numbers; it’s about being part of a legacy—a legacy that contributes to India’s growth story. So, whether you’re a seasoned investor or a newbie, NMDC’s dividends are a sweet deal you won’t want to miss!

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FAQs

Why is the board meeting on February 14, 2024, important?

The February 14, 2024 board meeting is crucial as it will announce when NMDC plans to pay dividends in 2024 and explain who among the shareholders can get the dividends.

How much is NMDC Limited’s market capitalization?

NMDC Limited’s market capitalization is 66.45 trillion INR.

Has NMDC’s share price been unstable?

Yes, NMDC’s share price has been quite up and down, ranging from a low of 103.75 INR to a high of 247.05 INR in the past 52 weeks.