NMDC declares Rs 2.30 interim dividend today

NMDC has announced its first interim dividend for the financial year 2024-25, set at Rs 2.30 per share. The record date for this dividend is March 21, 2025. This dividend comes as the company continues to see significant growth, with its share price rising by 83.49% over the past two years. The announcement was made by NMDC’s board during a meeting held on March 17, 2025. The company will distribute the dividend to shareholders listed by the record date. This reflects NMDC's ongoing commitment to returning value to its investors. In 2024, the company paid dividends twice, including an interim dividend of Rs 5.75 per share in February and a final dividend of Rs 1.50 per share in September. In 2023, dividends were also paid out on two occasions, amounting to Rs 3.75 per share in February and Rs 2.85 in September. NMDC, a public sector company under the Ministry of Steel, is involved in the exploration of various minerals including iron ore and coal. Year-to-date, NMDC’s stock has risen by 4.29%, while other market indices have shown slight declines or increases. Over recent months, NMDC’s share price has seen some fluctuation. It recently dropped by 3.15% over the last three months, but remained stable with a slight increase over the past year. The overall performance reflects the dynamics of the market, contrasting with the steady growth NMDC has experienced over the past two years.