How much do you need to buy COAL india LTD stocks for 5K dividend?
To determine how many shares of Oil India Ltd you need to buy on the National Stock Exchange (NSE) to earn ₹5,000 in dividends, I would need the following information:
- The current market price of one share of Oil India Ltd on NSE.
- The dividend payout per share announced by Oil India Ltd for the relevant period.
The calculation would be:
Number of shares required = (Desired dividend amount) / (Dividend per share)
For example, if the current share price is ₹200 and the company declares a dividend of ₹5 per share, then:
Number of shares required = ₹5,000 / ₹5 per share = 1,000 shares
So you would need to buy 1,000 shares of Oil India Ltd at ₹200 each to earn a dividend of ₹5,000.
However, without the current share price and the announced dividend amount, I cannot provide a precise number of shares required. Please provide those two data points for me to calculate the exact number of shares needed.
