NMDC Share Price Soars as Company Declares First Interim Dividend for FY25
NMDC share price has been on an upward trajectory following the company’s announcement of its first interim dividend for FY25. The PSU declared an interim dividend of ₹2.30 per share for the financial year 2024-25, with the record date set for March 21, 2025
. This move has positively impacted the stock, reflecting the company’s commitment to rewarding its shareholders.
NMDC Share Price Performance
NMDC’s share price closed at ₹64.96 on March 17, marking a 1.77% increase from its previous close of ₹63.83
. The stock has shown resilience in the face of broader market trends, with a 3.85% rise in the last one month. However, on a year-to-date (YTD) basis, the stock is down 1.55%.
Dividend Details and Record Date
The interim dividend of ₹2.30 per share is a significant payout for NMDC shareholders. The record date for eligibility has been fixed for March 21, 2025
. This means that investors holding shares before this date will be entitled to receive the dividend payout, which is scheduled to be dispatched within the prescribed timelines as per the Companies Act, 2013.
Company’s Financial Health
NMDC’s financial performance has been robust, with a 29% rise in consolidated net profit to ₹1,896.66 crore in Q3 FY24
. The company’s revenues from operations also saw a 21% increase to ₹6,567.83 crore in the same period
. This strong financial performance underpins the company’s ability to declare and pay dividends.
Conclusion
NMDC’s declaration of its first interim dividend for FY25, coupled with its strong financial performance, has bolstered investor confidence. The upcoming dividend payout and the fixed record date provide clarity for shareholders. As the stock continues to perform well, investors are likely to remain optimistic about NMDC’s future prospects.