NEW DELHI: Shares of Coal India fell over 2 per cent on Friday, a day after its board approved the payment of second interim dividend.In a BSE filing, the company said its board of directors had approved the payment of second interim dividend for 2018-19 at Rs 5.85 per share with a face value of Rs 10.
The company has fixed March 25 as the record date for the payment and the date of payment of the interim dividend is on or after March 29.
Analysts say the second dividend may translate into around Rs 2,600 crore for the government after it received over Rs 11,500 crore from the company earlier.
The stock came down 1.23 per cent to Rs 240.35 as of 11:25 am.