NMDC Limited has informed the Exchange that Board of Directors at its meeting held on May 27, 2025, recommended Final Dividend of Rs. 1.00 per equity share.
NMDC · price
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On the reaction day the stock moved 2.9 pts less than Nifty Midcap 150 and 2.2 pts less than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of NMDC Limited, at its meeting held on May 27, 2025, has recommended a Final Dividend of Rs. 1.00 per equity share for the financial year. As a large public sector iron ore miner, NMDC typically pays both interim and final dividends to its shareholders. The recommended dividend is subject to approval by shareholders at the upcoming Annual General Meeting. The record date and total payout details would be communicated separately.
This is a modest final dividend payout and is positive for shareholders seeking regular income, though the quantum suggests limited incremental upside from this announcement alone. The stock may see mild support around the ex-dividend date once announced.