Power Grid declared interim dividend of Rs 5.5 per share

Power Grid declared interim dividend of Rs 5.5 per share
Share Market (Image: Canva)

Power Grid Corporation of India Limited announced an interim dividend in the meeting held on 9 February 2022, according to which the company will pay a dividend of Rs 5.5 per share to its shareholders. Its ex-dividend date is 16 February.

Shareholders held on or before February 15 will be eligible for the dividend. The yield of this dividend is made up to 5.78%.

This dividend is the second interim dividend of the financial year 2021-22 of this company. Earlier, the company had paid an interim dividend of Rs 4 per share in December 2021.

The company is involved in interstate transmission systems, telecom, and consultancy services.

52 Week High220.20
52 Week Low148.88
Sector PE13.01
Face Value10
Dividend Yield5.78
Mkt Cap (Rs. Cr.)144,949
Book Value Per Share100.26

Read Also: PB Fintech stock down 8%, Founders to sell 2.4% stake in a block deal worth $140 million

Read Also: Nifty and Sensex down 1.7% on high US inflation, Fed’s James Bullard supports Rate hikes

Net Profit 2021 (Rs. Cr.)11,821
Debt to equity (2021)1.87
Revenue 2021 (Rs. Cr.)39,639
Dividend/Share (INR) (Mar 2021)12.00
Promoters holding51.34%

Read Also: Definition and Current Repo Rate and Reverse Repo Rate

Read Also: DB Realty to issue 50 million convertible warrants to non-promoter investors, share rises 5%

This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.

Read Also: IRCTC declared interim dividend of Rs 2 per share

Read Also: IOC dividend: Indian Oil Corporation Limited declared dividend of Rs 4

Read Also: Bharat Petroleum Corporation Limited declared dividend of Rs 5 | BPCL dividend