Dec 16, 2013, 07.59 PM IST
Coal India board had met today to discuss the option of special dividend. The board had met after Prime Minister Manmohan Singh had asked ministries of Coal and Heavy Industries to explore options like share buyback and special dividend to meet the Budget estimate.
Tags Coal India, Coal and Heavy Industries, Prime Minister Manmohan Singh
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Coal India board defers decision on special dividend
Coal India board had met today to discuss the option of special dividend. The board had met after Prime Minister Manmohan Singh had asked ministries of Coal and Heavy Industries to explore options like share buyback and special dividend to meet the Budget estimate.
Like this story, share it with millions of investors on M3
Coal India board defers decision on special dividend
Coal India board had met today to discuss the option of special dividend. The board had met after Prime Minister Manmohan Singh had asked ministries of Coal and Heavy Industries to explore options like share buyback and special dividend to meet the Budget estimate.
However, according to sources, the CIL board deferred the decision of special dividend and said the decision would be taken closer to February.
As of now, the CIL board today also ruled out buyback option
Also read: Coal India unlikely to meet its output target for FY'14
Coal India stock price
On December 16, 2013, Coal India closed at Rs 286.90, up Rs 3.35, or 1.18 percent. The 52-week high of the share was Rs 372.10 and the 52-week low was Rs 238.35.
The company's trailing 12-month (TTM) EPS was at Rs 13.90 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 20.64. The latest book value of the company is Rs 32.48 per share. At current value, the price-to-book value of the company is 8.83.
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