Coal India’s Staggering 11.50% Dividend Yield Tops PPF, SSY, and FD Rates in FY24!

In FY24, Coal India's dividend yield of 11.50% exceeded PPF, SSY, and bank FD rates with a total dividend of ₹24.50 per share, offering investors attractive returns.
Coal India's Staggering 11.50% Dividend Yield Tops PPF, SSY, and FD Rates in FY24!

Coal India shares outperformed traditional savings options in FY24 with a dividend yield of 11.50%. The stock declared a total dividend of ₹24.50 per share, surpassing PPF, SSY, and bank FD rates, making it an attractive choice for investors seeking higher returns.

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During FY24, the company paid dividends in three instalments: ₹4 in August, ₹15.25 in November, and ₹5.25 in February. These payments contributed to the stock’s high dividend yield compared to the rates offered by more conservative financial instruments.

Coal India’s stock price also saw significant growth, rising from ₹213.65 to ₹434.10 over the year, an increase of over 100%. This price surge coupled with substantial dividend payouts marked a robust year for the company’s shareholders.

The comparison of returns is stark: PPF rates stood at 7.10%, SSY at 8.20%, and bank FDs at about 6-6.5%. Coal India’s dividend yield of 11.50% clearly provided a superior return on investment during the financial year.

Overall, Coal India’s performance in FY24 illustrates its standing as a formidable dividend-paying stock within the Indian market, offering both substantial yield and capital appreciation to its investors.

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