NTPC share price hits 52-week high after electric utilities pays final dividend for 2021-22

NTPC share price, dividend news:  Shares of NTPC jumped nearly two and half per cent in BSE intraday trade on Wednesday, a day after the electric utilities company said that it has paid a final dividend to its shareholders. 

NTPC Share price rose 2.4% in early BSE intraday trade to hit 52-week high value of Rs 171.40 per share on the BSE. Shares of NTPC dipped to 52-week low of Rs 206.10 on the BSE on July 1 this year.  

NTPC has paid a final dividend of Rs 2,908.99 crore for 2021-22 to its shareholders, as per news agency PTI.  

The final dividend is 30 per cent of the paid-up equity share capital of the company, an NTPC statement said. 

With this, the total dividend paid for 2021-22 is Rs 6,787.67 crore, which is 42 per cent of the PAT (profit after tax) for last fiscal year. 

NTPC, which became a Maharatna company in May 2010, is India’s largest energy conglomerate with roots planted way back in 1975 finds presence in the entire value chain of the power generation business. As of January 2020, there are 10 Maharatnas CPSEs in India. 

From fossil fuels, it has forayed into generating electricity via hydro, nuclear and renewable energy sources.