ITC Share Price Rises 0.15% – A Sign of Stability Amid Market Swings
Posted on March 18, 2025, by Niftynews
NMDC shares surged by 2% after the company declared an interim dividend of Rs 2.30 per share for the 2024-25 financial year. The increase in share price was observed on March 18, 2025, as the stock reached Rs 66.26 on the Bombay Stock Exchange (BSE) at 11:15 AM.
NMDC Interim Dividend Announcement: All You Need to Know
On March 17, 2025, NMDC’s Board of Directors announced that they had declared the 1st Interim Dividend of Rs 2.30 per equity share (with a face value of Re 1). The record date for determining eligible shareholders has been set for March 21, 2025.
The company’s decision to declare the interim dividend has positively impacted NMDC share prices, reinforcing investor confidence in the company’s financial health and long-term outlook.
Strong Dividend History of NMDC
NMDC has consistently rewarded its shareholders with attractive dividends over the years. In 2024, the company declared a final dividend of Rs 1.50 per share alongside an interim dividend of Rs 5.75 per share. In the preceding year, 2023, NMDC paid a dividend of Rs 2.85 per share and an interim dividend of Rs 3.75 per share.
At the current market price, NMDC’s dividend yield stands at 3.65%, which makes it a lucrative option for income-focused investors. The consistency of dividend payouts further solidifies NMDC’s position as a stable dividend-paying stock in the market.
Stock Performance Overview: NMDC Shares
Despite NMDC’s shares seeing a 6% decline over the last six months, the stock has shown resilience by climbing 1% year-to-date in 2025. This recovery and the recent 2% uptick in the stock price highlight the strong fundamentals of the company, even amidst broader market fluctuations.
The recent dividend announcement appears to have rejuvenated investor sentiment, especially among those seeking reliable returns in the form of dividends. NMDC’s strong standing as a public sector undertaking (PSU) under the Ministry of Steel adds further credibility to its stock performance.
Why Investors Are Optimistic About NMDC
NMDC is India’s largest producer of iron ore by volume, with significant mining operations across Chhattisgarh, Karnataka, and a diamond mine in Madhya Pradesh. This diverse portfolio, along with the company’s dominant position in the iron ore market, positions NMDC well to capitalize on the growing demand for minerals both domestically and internationally.
Additionally, NMDC’s financial discipline, steady revenue generation, and a solid dividend policy make it an attractive choice for long-term investors. The recent interim dividend further emphasizes the company’s commitment to rewarding shareholders and maintaining a shareholder-friendly approach.
NMDC’s Dividend Policy: A Win for Shareholders
Investors are likely to benefit from NMDC’s attractive dividend policy, especially with the recent interim dividend announcement. Dividends are a reflection of a company’s profitability and financial strength. As NMDC continues to generate substantial earnings, shareholders can expect consistent returns in the form of dividends, making it an appealing investment.
The company’s steady cash flow, driven by its mining operations, supports its ability to pay out regular dividends to its shareholders, ensuring long-term value creation. With Rs 2.30 per share as the interim dividend for FY 2024-25, NMDC’s commitment to dividend payouts remains strong.
Outlook for NMDC: The Road Ahead
Looking ahead, NMDC’s future prospects remain optimistic due to its robust presence in the mining sector. The global demand for iron ore and diamonds continues to rise, and NMDC’s operational efficiency puts it in a good position to capitalize on this demand.
Additionally, with the current dividend yield standing at a healthy 3.65%, NMDC’s stock price could continue to witness upward momentum, especially as the company maintains a consistent track record of dividend payouts.
Conclusion: Is Now the Right Time to Buy NMDC Shares?
Given the recent surge in NMDC share price and its strong dividend announcement, now could be a favorable time for investors looking to secure returns from a stable, long-term investment. While NMDC shares have experienced some fluctuations over the past six months, the company’s solid financials, dividend history, and market position provide confidence in its future growth.
For those considering adding NMDC shares to their portfolio, the company’s commitment to rewarding investors and its consistent track record of strong dividends make it an attractive choice in the stock market.
