Power Grid Dividend History
Power Grid Corporation of India Ltd has provided dividends from 22-02-2008 to 19-05-2023. It gave 36 dividends from February 22, 2008, to May 19, 2033. This article shows Power Grid Dividend history and a few essential details about the company.
Let’s see how many Power Grid share dividends were given to its shareholders yearly. Let’s see, based on what percentage of Power Grid dividends were given to its shareholders.
Power Grid Dividend History
Announcement Date | Ex-Date | Dividend Type | Dividend (%) | Dividend (Rs) |
---|---|---|---|---|
19-05-2023 | 08-08-2023 | Final | 47.5 | 4.75 |
23-01-2023 | 08-02-2023 | Interim | 50 | 5.00 |
27-10-2022 | 14-11-2022 | Interim | 50 | 5.00 |
23-05-2022 | 19-08-2022 | Final | 22.5 | 2.25 |
01-02-2022 | 16-02-2022 | Interim | 55 | 5.50 |
10-12-2021 | 22-12-2021 | Interim | 40 | 4.00 |
11-12-2021 | 22-12-2021 | Special | 30 | 3.00 |
17-06-2021 | 08-09-2021 | Final | 30 | 3.00 |
23-02-2021 | 08-03-2021 | Interim | 40 | 4.00 |
07-12-2020 | 17-12-2020 | Interim | 50 | 5.00 |
22-06-2020 | 02-09-2020 | Final | 40.4 | 4.04 |
27-02-2020 | 16-03-2020 | Interim | 59.6 | 5.96 |
29-05-2019 | 19-08-2019 | Final | 25 | 2.50 |
22-02-2019 | 14-03-2019 | Interim | 58.3 | 5.83 |
29-05-2018 | 10-09-2018 | Final | 28 | 2.80 |
23-01-2018 | 08-02-2018 | Interim | 24.5 | 2.45 |
31-05-2017 | 11-09-2017 | Final | 33.5 | 3.35 |
27-01-2017 | 16-02-2017 | Interim | 10 | 1.00 |
27-05-2016 | 08-09-2016 | Final | 15.1 | 1.51 |
18-01-2016 | 03-02-2016 | Interim | 8 | 0.80 |
01-06-2015 | 07-09-2015 | Final | 13.1 | 1.31 |
23-02-2015 | 09-03-2015 | Interim | 6.9 | 0.69 |
29-05-2014 | 04-09-2014 | Final | 13.1 | 1.31 |
13-02-2014 | 04-03-2014 | Interim | 12.7 | 1.27 |
28-05-2013 | 05-09-2013 | Final | 11.4 | 1.14 |
30-01-2013 | 15-02-2013 | Interim | 16.1 | 1.61 |
29-05-2012 | 05-09-2012 | Final | 13.1 | 1.31 |
25-01-2012 | 13-02-2012 | Interim | 8 | 0.80 |
24-05-2011 | 06-09-2011 | Final | 12.5 | 1.25 |
25-01-2011 | 11-02-2011 | Interim | 5 | 0.50 |
26-05-2010 | 07-09-2010 | Final | 10 | 1.00 |
24-12-2009 | 11-01-2010 | Interim | 5 | 0.50 |
16-06-2009 | 21-08-2009 | Final | 7 | 0.70 |
20-01-2009 | 04-02-2009 | Interim | 5 | 0.50 |
19-06-2008 | 01-09-2008 | Final | 7 | 0.70 |
22-02-2008 | 10-03-2008 | Interim | 5 | 0.50 |
Power Grid gave 36 dividends to its shareholders. Power Grid’s share price dividend on February 27, 2020, was Rs. 5.96; the dividend percentage is 59.6%. It was the highest Power Grid dividend out of 36 dividends. Further, on May 19, 2023, the Power Grid share dividend was Rs. 4.75, and the dividend percentage was 47.5%.
Also Read: CDSL Dividend History
About Power Grid Corporation of India
The Power Grid Corporation is a nationwide state-owned company responsible for electricity transmission. Founded in 1989, it has its headquarters in Gurugram, India.
Primary Function: POWERGRID’s main job is to transmit electricity from power producers to distribution companies. They maintain a vast network of transmission lines, substations, and infrastructure to ensure a continuous electricity supply throughout India.
National Importance: Recognized as a “Navratna” company by the Indian government, POWERGRID plays a critical role in the country’s power sector. Its efforts support the government’s mission to provide 24/7 electricity to every household in India.
Projects & Expansion: POWERGRID has undertaken several national and international projects. Not only does it manage transmission within India, but it also plays a part in cross-border electricity sharing with neighbouring countries.
Sustainability: The company is committed to green initiatives and incorporating sustainable practices. They invest in renewable energy sources and work on technologies to make the power transmission process more efficient and environmentally friendly.
Financial Health: POWERGRID is one of India’s largest public sector units (PSUs) with consistent financial performance. Their revenue comes primarily from the transmission charges from utilities using their network.
Fundamentals Power Grid Corporation of India
Market Cap | ₹1,88,663 Cr. | ROE | 9.6% |
Stock P/E | 12.4 | Promoter holding | 51.3 % |
ROCE | 13.1% | Dividend Yield | 5.45% |
Debt to equity | 1.53 | Face Value | ₹10.0 |
Book Value | ₹89.3 | EPS | ₹16.4 |
The current Power Grid share price is Rs ₹203 (20/Oct/2023). This company has a good ROE track record and a healthy dividend payout. But one threatening factor is it is trading at 18.6 times its book value.
Stock gives a 5.45% dividend yield. They provide a 60% dividend payout. In the last five years, the company’s sales increased only a little, by 8.76%. They don’t seem to be paying a lot of taxes. The company might be adding their interest costs to their investments.
Questions and Answers
How can I invest in the Power Grid Corporation of India?
You can buy its shares from the stock market. Speaking with a financial advisor or stockbroker is a good idea if you’re interested in investing.
Where is the company’s main office?
Their headquarters is in Gurugram, near India’s capital, New Delhi.
How does the company support green energy?
Power Grid is committed to sustainable practices. They invest in renewable energy sources and work on making their processes more environment-friendly.
What is the Power Grid Corporation of India?
It’s the leading company in India that manages the movement of electricity over long distances, ensuring it reaches different parts of the country.
Who owns the Power Grid Corporation?
The Indian government is the primary owner, holding over half of the company’s shares.
What is the highest dividend declared by Power Grid Corporation?
Power Grid declared a dividend on 27-02-2020 of Rs. 5.96.
[…] Also Read: Power Grid Dividend History […]