NMDC Share Price: Navratna Stock Trades Flat Ahead of Dividend 2025 Record Date
Introduction
Shares of NMDC Limited, a Navratna public sector undertaking (PSU), traded flat on Thursday, March 20, just ahead of its dividend record date scheduled for Friday, March 21, 2025. This interim dividend announcement has caught investors’ attention, especially those looking for dividend income from stable PSU stocks.
Its Dividend Announcement 2025
On March 17, 2025, NMDC announced an interim dividend of ₹2.30 per share, marking its first interim payout for the financial year 2024-25 (FY25). According to the company’s stock exchange filing, shareholders whose names appear in the company’s Register of Members or Depository records as of March 21, 2025, will be eligible to receive the dividend.
Investors should note that as per the T+1 settlement system followed in the Indian stock market, March 20, 2025, is the last day to buy NMDC shares and be eligible for this dividend.
Its Dividend History
It has been a consistent dividend-paying company. Since August 28, 2003, the company has declared 45 dividends. Over the last 12 months, NMDC has distributed a dividend of ₹1.50 per share, resulting in a dividend yield of 2.19%.
Following the recent bonus issue of 2:1, the dividend yield now stands at 0.73%, reflecting the impact of bonus-adjusted shareholding.
| Dividend Details | Figures |
|---|---|
| Latest Interim Dividend | ₹2.30 per share |
| Record Date | March 21, 2025 |
| Last 12 Months Dividend | ₹1.50 per share |
| Dividend Yield (Pre-Bonus) | 2.19% |
| Dividend Yield (Post-Bonus) | 0.73% |
| Number of Dividends Declared | 45 since August 2003 |
The companys’ Share Price Performance
Despite the dividend announcement, NMDC’s share price remained range-bound on March 20, 2025. The stock opened at ₹70.19 per share on the BSE, slightly higher than the previous close of ₹68.77. Throughout the session, the stock touched a high of ₹70.21 and a low of ₹67.91.
At 11:35 AM, It was trading at ₹68.59 per share, down 0.36% intraday.
| NMDC Stock Performance | Price Movement |
|---|---|
| Opening Price (March 20) | ₹70.19 |
| Previous Close | ₹68.77 |
| Day’s High | ₹70.21 |
| Day’s Low | ₹67.91 |
| Current Price (11:35 AM) | ₹68.59 (-0.36%) |
Long-Term Performance of Its Stock
Over the past year, Its share price has remained largely flat, showing a 0.12% gain. However, over a two-year period, the stock has surged by 83%, and over three years, it has delivered a 67% return.
Comparatively, the BSE Sensex has risen 5% in the past year, making company’s performance relatively weaker in the short term.
| Timeframe | The company Price Change | Sensex Performance |
|---|---|---|
| 1-Year Return | +0.12% | +5% |
| 2-Year Return | +83% | N/A |
| 3-Year Return | +67% | N/A |
Its Financial Ratios & Valuation Metrics
To better understand the company’s financial health, let’s look at key financial ratios and valuation indicators:
| Financial Ratio | Value |
|---|---|
| Market Cap | ₹21,000 Cr |
| P/E Ratio | 12.5 |
| Earnings Per Share (EPS) | ₹5.49 |
| Price-to-Book (P/B) Ratio | 2.8 |
| Return on Equity (ROE) | 16.5% |
| Dividend Yield | 2.19% |
| Debt-to-Equity Ratio | 0.02 (Very Low Debt) |
Key Takeaways for Investors
- Dividend Eligibility: Investors need to purchase its shares by March 20, 2025, to be eligible for the interim dividend.
- Stable Dividend History: The company has maintained consistent dividend payouts over the years.
- Stock Price Movement: NMDC shares have been flat in the short term but have delivered strong returns over two to three years.
- Valuation: With a P/E ratio of 12.5 and a strong ROE of 16.5%, its is a fairly valued stock with low debt levels.
Frequently Asked Questions (FAQs)
Q1: What is the the company dividend record date for 2025?
A: The record date for the company;s interim dividend is March 21, 2025. Investors holding shares on this date will be eligible for the dividend.
Q2: How much dividend is its paying in 2025?
A: NMDC has announced an interim dividend of ₹2.30 per share for FY25.
Q3: When will NMDC pay the dividend?
A: As per Companies Act, 2013, NMDC will dispatch or credit the dividend within the prescribed timeline after the record date.
Q4: Is NMDC a good dividend stock?
A: Yes, NMDC has a strong dividend history, with 45 dividends declared since 2003 and a dividend yield of 2.19% before the recent bonus issue.
Q5: How has NMDC stock performed recently?
A: NMDC’s share price is flat over the past year but has gained 83% in two years and 67% in three years.
Q6: Can I buy NMDC shares today and still get the dividend?
A: Yes, March 20, 2025, is the last date to buy NMDC shares and be eligible for the dividend under the T+1 settlement system.
Conclusion
NMDC remains a strong PSU stock with a consistent dividend track record and moderate stock price growth. While the share price has been flat in the short term, its long-term performance has been impressive. Investors looking for stable dividend income and long-term capital appreciation may consider NMDC as a part of their portfolio.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.