NTPC Dividend 2023: State-owned power generation company to pay Rs 4.25 dividend; check record and payment date

NTPC Dividend 2023: NTPC Limited – a state-owned power generation company – on Saturday announced an interim dividend to its shareholders for the financial year 2022-23 (FY23) along with its October-December quarter earnings for the current fiscal.

“The Board of Directors also decided to pay an interim dividend at the rate of 42.50 per cent (Rs 4.25 per share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2022-23,” NTPC said in its results filing on January 28, 2023.

The company has decided “The date of payment/ dispatch of dividend shall be February 24, 2023.”

The state-run company is yet to announce the Interim Dividend’s Record Date – this is the cut-off date established by a company in order to determine which shareholders are eligible to receive a dividend or distribution.

Why Record Date Is Important?

The determination of a record date is required to ascertain who exactly a company's shareholders are as of that date, since shareholders of an actively traded stock are continually changing.

The shareholders of record as of the record date will be entitled to receive the dividend or distribution, declared by the company.

NTPC Q3 Earnings

NTPC reported a nearly 5 per cent rise in its consolidated net profit to Rs 4,854.36 crore for the December quarter, mainly due to higher revenue. The company's consolidated net profit was Rs 4,626.11 crore in the quarter ended December 31, 2021, as per a BSE filing.

The total income rose to Rs 44,989.21 crore in the quarter from Rs 33,783.62 crore in the year-ago period. The average power tariff of the company during April-December 2022 stood at Rs 4.96 per unit compared to Rs 3.95 per unit a year ago.

NTPC Share Price History

On Friday, NTPC share price closed flat with positive bias at Rs 166.3 per share on the BSE. The stock has reported nearly 17 per cent rise in the last one year and around 8.5 per cent in the last six months. So far in January 2023, the counter has slipped over 1 per cent on the NSE.