The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતીमराठीবাংলাಕನ್ನಡമലയാളംதமிழ்తెలుగు
| 02 October, 2023, 12:37 PM IST | Today's Paper
Get 20% discount on ETPrime
Search
+
Business News›Wealth›Invest›This PSU stock is among top dividend-yielding stocks in last 12 months: Should you invest?
    Read. Lead. Succeed. ET Prime - For Members Only
    • Sharp Insight-rich, Indepth stories across 20+ sectors
    • Access the exclusive Economic Times stories, Editorial and Expert opinion
    START YOUR MEMBERSHIP

    This PSU stock is among top dividend-yielding stocks in last 12 months: Should you invest?

    The dividend outlook of Coal India remains steady, supported by its robust cash position.

    Synopsis

    According to Coal India's 2022-23 annual report, the coal industry is expected to reach 1 billion tonne by 2025-26 and will grow at an annual rate of 6-7%. Despite the emphasis on renewable/non-fossil fuel-based energy, transitioning from coal is highly unlikely in the foreseeable future. Coal India's dividend outlook remains steady, supported by its robust cash position.

    The government-owned coal producer reported a decent performance in the June 2023 quarter. Its revenue and net profit were 1.5% and 17.4% higher than the consensus estimates of analysts compiled by Reuters-Refinitiv. The performance was supported by higher volumes and increased supplies to the non-regulated sector. Coal India’s (CIL) coal-based product basket is essential for several sectors, but the company is facing headwinds due to declining
    BY
    ET Bureau
    4 mins read
    • FONT SIZE
      AbcSmall
      AbcMedium
      AbcLarge
    • SAVE
    • PRINT
    • COMMENT

    Uh-oh! This is an exclusive story available for selected readers only.

    Worry not. You’re just a step away.

    Why ?

    • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

    • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise

    • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

    The Economic Times