900% Dividend Alert: Mid-Cap Stock Goes Ex-Date on Thursday, July 17; Shares Up 50% in 1 Year

Coromandel International Ltd., operating in India's agri-solutions industry, will trade ex-dividend tomorrow, as July 17 is the record date for the massive 900% dividend for FY 2024-25. The total dividend this fiscal year is Rs. 9, which includes special and final payouts. Investors who purchased Coromandel shares on or before July 16 will only receive the upcoming Rs. 9 per share dividend.

Coromandel Dividend 2025 Details

The company has approved a final dividend of Rs. 6 per equity share and an additional special dividend of Rs. 3, taking the total payout to Rs. 9 per share. This amounts to a 900% dividend on a Rs. 1 face value share.

The board's decision was confirmed through an official stock exchange filing dated April 30, 2025, where the company said, "The Board of Directors has approved a final dividend of Rs. 6/- per equity share on the face value of Re. 1/- per equity share and additionally a special dividend of Rs. 3/- per equity share on the face value of Re. 1/- each."

Record Date and Payment Schedule

Coromandel International has fixed July 17 as the record date and ex-dividend date for identifying shareholders eligible to receive the Rs. 9 dividend. As per the Companies Act, 2013, the dividend payment will be completed by or before August 23, 2025. Investors should buy shares before July 17 to be eligible, since stocks bought on the record date may not settle in time due to T+1 settlement.

Coromandel Share Price Today

On July 16, Coromandel International shares closed at Rs. 2,377 per share on the BSE after rising 1.33% from the previous closing price. The has gained 26.75% in the last six months and has risen 50% in the last 1 year. This means that if an investor had bought shares worth Rs. 1,00,000 on July 16, 2024, when the stock was trading at around Rs. 1,584 per share, they would have received approximately 63.13 shares.
At the current market price of Rs. 2,377, those shares would now be worth:

63.13 shares × Rs. 2,377 = ₹1,50,000 approx. So, the investor's profit would be around Rs. 50,000.

Dividend History

Earlier this year, in February 2025, the company issued an interim dividend of Rs. 6. In 2024, the company also paid a final dividend of Rs. 6, while in 2023, shareholders received a total dividend of Rs. 12 as per BSE data.

About Coromandel International

Coromandel International is one of India's leading agri-input companies, operating across segments such as fertilisers, crop protection chemicals, bio-products, organic fertilisers, and speciality nutrients. With a diversified product portfolio and a strong rural presence, the company plays a vital role in supporting Indian agriculture. It is also part of the BSE 200 index, adding to its credibility among large-cap dividend stocks.