NMDC Dividend History

In this post, we provide the NMDC dividend history. How many times does NMDC give dividends to shareholders?

The dividend history of NMDC from 2000 to 2023 with company details and key fundamentals.

NMDC Dividend History

Year	Dividend Payment	Dividend Class
Aug. 31, 2023	2.85	FINAL
Feb. 24, 2023	3.75	INTERIM
Feb. 17, 2022	5.73	INTERIM
Dec. 14, 2021	9.01	INTERIM
March 22, 2021	7.76	INTERIM
Feb. 18, 2020	5.29	INTERIM
March 22, 2019	5.52	INTERIM
March 27, 2018	4.30	INTERIM
Sept. 14, 2017	1.00	FINAL
March 16, 2017	4.15	INTERIM
March 30, 2016	1.50	INTERIM
Feb. 24, 2016	9.50	INTERIM
Sept. 21, 2015	1.30	FINAL
Feb. 18, 2015	4.25	INTERIM
Nov. 13, 2014	3.00	INTERIM
Feb. 17, 2014	5.50	INTERIM
Nov. 7, 2013	3.00	INTERIM
Sept. 19, 2013	4.00	FINAL
Feb. 28, 2013	1.00	INTERIM
Nov. 22, 2012	2.00	INTERIM
Sept. 13, 2012	2.50	FINAL
Feb. 9, 2012	1.00	INTERIM
Nov. 17, 2011	1.00	INTERIM
Sept. 15, 2011	2.15	FINAL
Feb. 10, 2011	1.15	INTERIM
July 29, 2010	1.00	FINAL
Feb. 4, 2010	0.75	INTERIM
Aug. 20, 2009	1.18	FINAL
Feb. 18, 2009	1.03	INTERIM
Aug. 4, 2008	0.54	FINAL
Jan. 30, 2008	23.10	INTERIM
Nov. 1, 2007	10.00	INTERIM
Aug. 23, 2007	8.50	FINAL
Jan. 18, 2007	19.00	INTERIM
Oct. 19, 2006	7.70	INTERIM
July 14, 2006	8.43	FINAL
Feb. 2, 2006	11.54	INTERIM
Oct. 31, 2005	7.69	INTERIM
July 4, 2005	7.60	FINAL
Feb. 3, 2005	3.85	INTERIM
Aug. 4, 2004	3.50	FINAL
Aug. 28, 2003	3.00	FINAL
Aug. 28, 2002	0.00	FINAL

After 2000, NMDC gave 48 dividends to shareholders. In the last 52 weeks, NMDC declared 6.60 rupees per equity share.

NMDC announces dividends every year after 2002 for shareholders. The company has a good track record of paying dividends.

Read: Dividend History Of Coal India

In 2023, NMDC declared 2 dividends first on March 21 at a rate of 4 rupees and second on August 31 at a rate of 2.85 rupees.

About Company: NMDC

NMDC Limited (National Mineral Development Corporation Limited) is a public-sector undertaking (PSU) under the Ministry of Steel, Government of India. It is a state-controlled mineral producer of the Government of India.

key fundamentals of NMDC:

1. Establishment: NMDC Limited was incorporated on November 15, 1958, as a fully-owned government enterprise.
2. Headquarters: The headquarters of NMDC are located in Hyderabad, Telangana, India.
3. Business Activities:
   • NMDC is involved in the exploration, exploitation, and production of various minerals such as iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.
   • Iron ore mining is a significant part of its operations and contributes a major portion of its revenue.
4. Iron Ore Mining:
   • NMDC is one of the largest iron ore mining companies in India and operates three iron ore complexes in the country, primarily in the states of Chhattisgarh and Karnataka.
   • The company plays a critical role in supplying iron ore to the steel industry in India.
5. Expansion and Diversification:
   • NMDC has been actively involved in diversifying its business by venturing into areas such as steelmaking, power generation, diamond mining, and value-added products.
6. Corporate Social Responsibility (CSR):
   • NMDC is committed to fulfilling its corporate social responsibilities and contributing to the social and economic development of the communities in which it operates.
7. Financials:
   • The financial performance of NMDC can vary from year to year based on market conditions, demand for minerals, and production levels.
8. Leadership:
   • As of my last knowledge update in September 2021, the specific leadership details may have changed. The leadership includes a Chairman and Managing Director, as well as a Board of Directors overseeing the company’s operations.

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