The dividend yield of this stock beat PPF, EPF, Bank FD returns in FY2023. do you have

Coal India dividend in FY23

As mentioned above, Coal India stock has traded ex-dividend on three occasions in FY 2022-23. It becomes one of the dividend paying stocks for the first time to be paid on Aug 11, 2022 3 per share final dividend. Later, Coal India shares traded flat ex-dividend 15 per share interim dividend payable in the financial year 2022-23. On February 8, 2023, the dividend-paying stock will once again trade ex-dividend 5.25 per share interim dividend payment to eligible shareholders.

Dividend Yield of Coal India Shares in FY23

hence, Net The dividend of this dividend paying PSU stock is 23.25 ( 3+ 15+ 5.25). At the start of FY 2022-23, Coal India shares were available at around Rs 200 per share, which means Coal India’s dividend yield in FY23 works out to 11.60 per cent. [{(3 + 15 + 5.25) / 200} x 100], To calculate Coal India Dividend Yield, Investment value is assumed 200 per share, which is the share price of Coal India at the beginning of the financial year 2022-23.

PPF, EPF, Bank FD returns last

On comparing the PPF interest rate, EPF returns and bank FD interest rate during FY 2023, we will come to know that PPF interest rate has remained unchanged at 7.10 per cent throughout FY 2023, EPF returns in which some investors of Voluntary Provident Fund Option to invest additional money (VPF), remains unchanged at 8.10 per cent, while bank FD rates have increased from around 5 per cent at the start of FY2023 to around 7 per cent per annum now. Hence, all these risk free small savings schemes have given low returns as compared to Coal India’s dividend yield of 11.60 per cent in FY2023.