Low impact
Coal India shares adjust for its ₹10.25 dividend
When a company pays a dividend, its share price normally drops by about the dividend amount on the ex-date, because new buyers no longer receive it. Coal India's ex-date for its ₹10.25 second interim dividend was 4 November, and the shares fell 2.05%, mostly reflecting that payout. Separately, the company produced a record 67.2 million tonnes of coal in October, up 19% from a year earlier.
The chain of consequences
- 14 November is the ex-dividend date
- 2Price adjusts for the ₹10.25 payout
- 3Shares fall 2.05% to ₹399.65
Tends to gain
Shareholders on the record date receive the dividend.
Tends to lose
The share price adjusts down by roughly the dividend amount, as is normal.
If it reverses
Not applicable; this is a mechanical adjustment.
Companies in this story
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