NMDC Shares Gain 3% After Interim Dividend Announcement
NMDC share price today:Public sector enterprise NMDC's stock price traded higher on March 18, 2025. The company’s shares jumped by 3 percent during intra-day trading on the National Stock Exchange (NSE) on Tuesday and reached a peak of Rs 66.84.
The upward movement in NMDC share price was due to the announcement of an interim dividend of Rs 2.30/ share for the financial year 2024-25.
TDNMDC interim dividend 2025
NMDC stated in an exchange report, “The Board of Directors of the Company in its meeting held on Monday, 17th March 2025, inter alia declared the 1st Interim Dividend of Rs 2.30 per equity share of face value of Re 1/- each for the financial year 2024-25.” The interim dividend record date has been fixed to March 21, 2025.
History of NMDC dividends
Shareholders of NMDC have historically enjoyed good dividends. NMDC issued a dividend of Rs 1.50 per share and a further interim dividend of Rs 5.75 per share in the year 2024. In 2023, NMDC issued an annual dividend of Rs 2.85 per share and an interim dividend of Rs 3.75 per share.
Dividend yield of NMDC
The current market price of NMDC shares suggest a dividend yield of 3.65 percent.
Share price history of NMDC
In the past six, and twelve months, the price of the Navratna stock decreased by 6 percent, and 2 percent, respectively. So far this year, NMDC shares have increased with roughly one percent. Comparatively, the Nifty50 index has seen a fall of around four percent throughout the same timeframe.
NMDC share price reached a peak of Rs 95.45 and a low of Rs 59.70 in the last year on the NSE.
On Tuesday around 10:43 am the price was hovering at 66.28 Rs marking a 2.11 percent increase from the previous day’s close price of 64.91 Rs on the NSE market. The estimated worth of the 16.26 million equity shares which were traded today on the NATION STOCK EXCHANGE and BOMBAY STOCK EXCHANGE adds up to Rs 107.62 Crore.
The BSE Sensex and NSE Nifty50 equity indices were performing well this Tuesday, with the former rising by 1.2 percent or 891 points to reach 75,060, and the latter gaining 261 points or 1.16 percent to settle at 22,770. *** *** *** ®NMDC *** *** Formerly the National Mineral Development Corporation, Navratna public sector enterprise NMDC operates under the Ministry of Steel of the Government of India. Since volume wise, NMDC is India's leading iron ore producer, it operates iron ore mining in Karnataka and Chhattisgarh along with a diamond mine in Madhya Prades. NMDC ores the majority of its production to the domestic steel market. Founded under Indian Government as a company on 15 November 1958, NMDC is noted for its significant contributions as a major iron supplier and steel producer. *** *** As of March 18, 2025, NMDC's market capitalization stands at Rs 58,342.50 crore on the NSE and features as a component in the Nifty Midcap50 index.