TORNTPOWER
Torrent Power Ltd
₹735
Torrent Power Ltd Dividend 2023 : Should Torrent Power Ltd be a part of your dividend portfolio?
Torrent Power Ltd is one of the most popular Utilities company in the world with a market capitalisation of ₹34,710.14Cr. Its share price is ₹735 as on 28 September,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, Torrent Power Ltd gave ₹26 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 Torrent Power Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2023, Torrent Power Ltd has declared dividend of ₹4 - translating a dividend yield of 3.54%.
Let's look at Torrent Power Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Torrent Power Ltd’s revenue were ₹7,413.32Cr in the quarter ending June 2023. The revenue grew by 12.01% year on year basis since last quarter.
- Torrent Power Ltd’s profits were ₹517.27Cr in the quarter ending June 2023. The profits grew by 3.02% year on year basis since last quarter.
- Torrent Power Ltd’s dividend was ₹4 in the quarter ending March 2023.
Torrent Power Ltd Dividend related ratios:
- Last dividend date: 29/05/2023
- Current Dividend Yield: 3.54%
- Annual dividend payment: ₹26
History of Torrent Power Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
16/06/2023 | CASH | ₹4 | 29/05/2023 | 16/06/2023 |
22/02/2023 | CASH | ₹9 | 14/02/2023 | 22/02/2023 |
22/02/2023 | CASH | ₹13 | 14/02/2023 | 22/02/2023 |
10/02/2022 | CASH | ₹9 | 03/02/2022 | 11/02/2022 |
24/06/2021 | CASH | ₹5.50 | 20/05/2021 | 25/06/2021 |
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