Power Grid shares to trade ex-dividend this week

Power Grid dividend record date 2023: State-run power transmission company Power Grid Corporation of India’s shares are all set to trade ex-dividend on Thursday, November 16. Earlier, the company announced an interim dividend of Rs 4 per share for the current financial year—a payout of 40 per given the face value of Rs 10 per share.

Power Grid dividend record date

The PSU has fixed record date November 16 as the record date.

What is a record date?

A record date is a date that determines the shareholders eligible to benefit from corporate action such as a dividend payout.

Power Grid dividend payment date

Power Grid has said that the interim dividend will be credited into the accounts of eligible shareholders on December 6.

Power Grid dividend history

Source: NSE

What does Power Grid Corporation of India do?

Incorporated in October 1989 under the Company Act, 1956, Power Grid Corporation of India, is a Maharatna public sector enterprise operating under the Ministry of Power. It is engaged in the bulk transmission of power through its EHVAC (up to 765 kV level) and ±800/±500kV HVDC transmission network.