MOIL Limited have announced 1:1 bonus on 10thAugust 2017 during the quarterly results for which the record date has been set to 28-Sep-2017.
On 10-Aug-2017, board meeting held and a bonus issue was recommended which is subject to shareholders’ approval.
Following that, On 13-Sep-2017 MOIL have set the record date as 28-Sep-2017 and the ex-date of the bonus falls on 27-Sep-17.
MOIL Share Dividend History:
MOIL, a manganese ore company owned by Government of India, Maharashtra and Madhya Pradesh has announced a 1:1 bonus which means the shareholders will get one bonus equity share of Rs. 10.00 each fully paid up for every one paid up equity share of Rs.10.00 held.
Earlier this year, two dividends have been announced by the company, an interim and final dividend which has given a positive yield to its share holders.
MOIL Limited, comes under the administrative control of Ministry of Steel with headquarters in Nagpur, India involves in extraction of Manganese ore. It is a regular dividend paying company as from 2011 they have announced two dividends every year.
MOIL Limited Last Quarter results highlights:
For the second quarter of 2017, the company reported net profit of Rs. 97.73 crore which is 15.60% fall comparing to first quarter of 2017.
MOIL share price on 10-Aug-2017 is 327.65 and on 21-Sep-2017 it is trading at 406.95 in NSE.