Power Grid Dividend 2024: PSU announces interim dividend of Rs 4.5 - Check record date and other details

Power Grid Dividend 2024: Power Grid Corporation Of India (POWERGRID) on Wednesday announced an interim dividend along with its financial results for the July-September quarter of the FY25. The state-owned company has announced the record date and payment date. 

Power Grid Dividend 2024

The company has announced an interim dividend of Rs 4.5 or 45 per cent per equity share with a face value of Rs 10 each for the financial year 2024-25.

"Interim Dividend of Rs. 4.50/- per equity share of Rs. 10/- each (@ 45% of the paid-up equity share capital) for the Financial Year 2024-25," the company said in an exchange filing.

Power Grid Dividend 2024: Record Date

According to an exchange filing, the company has fixed November 14, 2024, as the record date for this corporate action. 

A record date is important as it helps the company to ascertain the eligibility of stakeholders for a corporate action. 

Power Grid Dividend 2024: Payment Date

The company has informed exchanges that the interim dividend will be paid to investors on December 4, 2024. 

"Interim dividend will be paid to the Members on Wednesday, 04th December, 2024. Further, as intimated earlier, the Record Date for the purpose of payment of dividend shall be Thursday, 14th November, 2024," the exchange filing reads.

Power Grid Share Price 

The counter opened in green today at Rs 317.95 against the previous close of Rs 316.70 on the BSE. The stock surged further to touch the high of Rs 320.35. It ended the session at Rs 318.45 - a gain of 0.55 per cent from the previous close. 

Power Grid Share Price History

The stock has given a positive return of 52.95 per cent and 87.75 per cent in two years. The counter has given a multibagger return of over 129 per cent in three years.