DIVIDEND STOCK 50%: Power Grid Dividend 2022 Record Date, Ex Date, Payment Date | Power Grid Dividend History, Power Grid Stock Price Dividend 2022 – NSE Power Grid Stock Price

Power Grid Dividend 2022 Record Date, Ex Date, Payment Date, Power Grid Share Price NSE: Power Grid, NSE: POWERGRID, shareholders have good news. The public sector company announced to pay dividends to its shareholders. It will pay a 50% interim dividend to investors for the 2022-23 fiscal year, according to an exchange filing earlier this month. The dividend will be paid to Power Grid shareholders subject to eligibility on the record date.

Power Grid Corporation of India, under the ownership of the Ministry of Energy, is engaged in bulk power transmission across the country. The Gurugram-based company was founded in 1989. The company transmits about 50% of the total electricity produced in the country through its transmission network.

Power Grid Stock Dividend 2022

The par value of Power Grid’s share is Rs 10. The company has said it will pay a 50% dividend to shareholders. This translates to Rs 5 per share. This means Power Grid shareholders will receive a dividend of Rs 5 per share. For example, if a Power Grid shareholder has 100 shares in his Demat account, the company will pay him a dividend of Rs 500.

2022 Power Grid Dividend Record Date

Power Grid will pay a dividend of Rs 5 only to eligible shareholders. To determine the eligibility of shareholders, the company announced the record date. To receive a dividend of Rs 5, one must hold Power Grid shares in his Demat account on the record date.

The record date for the 2022 Power Grid stock dividend is Nov. 15, according to the filing.

“The Board of Directors, at its meeting on November 5, 2022, approved the payment of an interim dividend of Rs.5 per share of Rs.10/- each (@50% of paid-up share capital) for the financial year 2022-23,” the company said in a filing.

2022 electricity grid dividend ex-dividend date

The Power Grid shares will trade on the ex-dividend date one business day prior to the record date. According to the NSE website, Power Grid shares will trade on the ex-dividend date of November 14.

2022 Power Grid Dividend Payment Date

Power Grid will pay an interim dividend to eligible shareholders on November 30, the company said in the filing.

The dividend amount of Rs 5 per share will be credited directly to the bank accounts linked to the Demat accounts of the shareholders.

Electric Grid Dividend History

IN 2022 so far, Power Grid has paid dividends twice. In August, the company paid a dividend of Rs 2.25 per share. Prior to that, Power Grid had paid Rs 5.50 per share dividend to its shareholders in February. In 2022, the public company paid Rs 10 in dividends 3 times. Separately, Power Grid had also issued free shares in July 2022 at a ratio of 1:3.

Power Grid NSE India stock price

The Power Grid share price has remained in a consolidation phase in recent months. In 6 months, the stock has generated a negative return of approximately 9% for its investors, while it has generated a nice turnaround of more than 14% over the past year. The 52-week range of the stock is Rs 248.35 to Rs 182.

Brokerage firm ICICI Securities has assigned an additional rating to the stock with a target price of Rs 228 each.

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