CG Power Dividend 2023 News: Check record date, amount and payment date

CG Power Dividend 2023 News: CG Power and Industrial Solutions have announced paying dividend to its shareholders. The company on Thursday said that the board has approved the payment of 75 per cent dividend per equity share -- its first interim dividend for the current fiscal.

CG Power, previously known as Crompton Greaves Limited, in an exchange filing said that it will pay Rs 1.50 dividend per equity share bearing a face value of Rs 2.

"The  Board of  Directors of the  Company at its  Meeting held today i.e.  2nd March 2023 have considered and approved the payment of Interim Dividend at Rs. 1.50/- per  Equity  Share i.e.  75%  on face value of  Rs.  2/‐  per share for the  Financial  Year  2022-23," the engineering conglomerate's exchange filing read.  

CG Power Dividend 2023 Record Date

CG Power board has also fixed the record date for determining the eligibility of shareholders for the payment of the dividend. CG Power's dividend record date is March 15.
"The Record Date for determining the Members eligible to receive aforesaid Interim Dividend is Wednesday, 15th March, 2023," the filing said.

CG Power Dividend 2023 Payment Date

The dividend amount will be credited directly into the shareholders' bank account linked to their Demat account on the payment date. The payment date shall be March 29.

"The Interim Dividend will be paid on or after  29th March 2023, but within 30 days from the declaration of  Interim  Dividend in terms of the relevant provisions of the  Companies  Act, 2013," the company's exchange filing read.

CG Power Share Price History

YTD, the stock has yielded a positive return of 10 per cent. At current market levels, CG Power has a market cap of 45.75 thousand crore.

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