POWERGRID
Power Grid Corporation of India Ltd
₹199.75
Power Grid Corporation of India Ltd Dividend 2023 : Should Power Grid Corporation of India Ltd be a part of your dividend portfolio?
Power Grid Corporation of India Ltd is one of the most popular Utilities company in the world with a market capitalisation of ₹1,85,872.57Cr. Its share price is ₹199.75 as on 3 October,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, Power Grid Corporation of India Ltd gave ₹17 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Utilities stocks do not always pay a dividend but as Power Grid Corporation of India Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2023, Power Grid Corporation of India Ltd has declared dividend of ₹4.75 - translating a dividend yield of 8.51%.
Let's look at Power Grid Corporation of India Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Power Grid Corporation of India Ltd’s revenue were ₹11,257.60Cr in the quarter ending June 2023. The revenue grew by 0.1% year on year basis since last quarter.
- Power Grid Corporation of India Ltd’s profits were ₹3,597.16Cr in the quarter ending June 2023. The profits fell by -5.37% year on year basis since last quarter.
- Power Grid Corporation of India Ltd’s dividend was ₹4.75 in the quarter ending March 2023.
Power Grid Corporation of India Ltd Dividend related ratios:
- Last dividend date: 19/05/2023
- Current Dividend Yield: 8.51%
- Annual dividend payment: ₹17
History of Power Grid Corporation of India Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
08/08/2023 | CASH | ₹4.75 | 19/05/2023 | 08/08/2023 |
08/02/2023 | CASH | ₹5 | 31/01/2023 | 08/02/2023 |
14/11/2022 | CASH | ₹5 | 05/11/2022 | 15/11/2022 |
19/08/2022 | CASH | ₹2.25 | 23/05/2022 | 22/08/2022 |
16/02/2022 | CASH | ₹5.50 | 09/02/2022 | 17/02/2022 |
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