NMDC Ltd., a leading public sector undertaking (PSU) in the mining sector, has declared its first interim dividend of Rs 2.30 per equity share for the financial year 2024-25. Following the announcement, NMDC shares saw an uptick in early trading on Tuesday.
NMDC Share Price Movement
The stock opened with a gap-up of 2.28% at Rs 66.44 on the BSE, compared to its previous close of Rs 64.96. It further climbed to an intraday high of Rs 66.80, marking a 2.83% gain. As of the latest update, NMDC shares were trading at Rs 66.37.
On the NSE, the stock opened at Rs 66.06 against the previous close of Rs 64.91. The 52-week high of NMDC shares stands at Rs 95.35, while the 52-week low is Rs 59.70. The company’s market capitalization currently stands at Rs 58,377 crore.
NMDC Dividend Details
NMDC has declared an interim dividend of Rs 2.30 per share of face value Re 1 each. The board approved this dividend in its meeting on March 17, 2025.
| Detail | Information |
|---|---|
| Dividend Amount | ₹2.30 per share |
| Face Value | ₹1 per share |
| Record Date | March 21, 2025 |
| Dividend Payment Date | April 16, 2025 |
The company confirmed that the interim dividend will be paid within the prescribed timelines as per the provisions of the Companies Act, 2013. Shareholders whose names appear in the Register of Members or Depositories as of March 21, 2025, will be eligible to receive the dividend.
NMDC Dividend History
NMDC has a strong track record of rewarding its shareholders with consistent dividends. Here’s a look at the company’s past dividend payouts:
| Financial Year | Total Dividend (₹ per share) |
|---|---|
| FY24 | ₹7.25 (Final: ₹1.50, Ex-date: Aug 17, 2024, Interim: ₹5.75) |
| FY23 | ₹5.91 |
| FY22 | ₹14.74 |
At the current market price, NMDC offers a dividend yield of approximately 3.65%.
NMDC Share Price Performance
Over the past year, NMDC shares have delivered a return of over 3%. The stock has surged 29.43% in two years. However, it has corrected 4.40% so far in 2025. Over the past six months, NMDC has witnessed a decline of nearly 6%.
At around 10:43 AM on Tuesday, NMDC shares were trading at Rs 66.28, up 2.11% from the previous close on the NSE. A total of 16.26 million equity shares, worth Rs 107.62 crore, were traded on both NSE and BSE combined.
Market Trends and Benchmark Indices
The overall market sentiment was positive on Tuesday, with benchmark indices trading higher:
- BSE Sensex: Up 891 points (1.20%) at 75,060
- NSE Nifty50: Up 261 points (1.16%) at 22,770
About NMDC
NMDC, formerly known as the National Mineral Development Corporation, is a Navratna PSU under the Ministry of Steel, Government of India. It is India’s largest iron ore producer and operates mines in Chhattisgarh, Karnataka, and a diamond mine in Madhya Pradesh. Incorporated on November 15, 1958, NMDC plays a crucial role in supplying iron ore to the domestic steel industry.
Other PSU Dividend Announcements
Besides NMDC, other PSUs have also announced or are considering interim dividends:
- IRFC: Declared an interim dividend of Re 0.80 per share for FY25, record date set as March 21, 2025.
- Power Grid: Shares will turn ex-dividend on March 19, 2025.
- Mishra Dhatu Nigam Ltd & REC Ltd: Their boards will be considering interim dividends for FY25 on March 19, 2025.
Final Thoughts
The announcement of NMDC’s interim dividend has positively impacted its stock price, reflecting investor confidence in the company’s financial performance and commitment to shareholder returns. With a consistent dividend history and strong market position, NMDC remains a key player in India’s mining sector.