BIG Dividend Alert! Mahartna PSU Has Set 45% Dividend Record Date For Monday; Should You Buy?

Upcoming Dividend: Shares of Power Grid Corporation will remain in focus on Monday, ahead of the Maharatna PSU's dividend record date. Power Grid had announced a 45% dividend for its shareholders.

Power Grid shares closed 0.67% higher at Rs 272 per share on BSE with a market capitalisation of Rs 2,52,976.42 crore on Friday. The stock had touched an intraday high mark of Rs 272.45 per share and an intraday low mark of Rs 268.85 per share.
For investors who are willing to invest Power Grid shares ahead of the dividend record date, here are all the details about it.

Power Grid Dividend

Power Grid Corporation of India has declared its first interim dividend for the fiscal year 2025-26. The board of directors at Power Grid approved a 45% dividend for FY26 on Monday. According to a BSE filing, "Payment of 1st (first) 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 2025-26" was confirmed.

Dividend Record Date: How To Get Eligible?

The record date for this dividend is set for Monday, November 10. Only shareholders who hold shares by this date will receive the dividend, which will be disbursed on December 1. This ensures that only those who are registered as shareholders by November 10 will benefit from the payout.

Power Grid Share Price: Should You Buy?

Motilal Oswal has given a 'Buy' rating for Power Grid in its latest report released on Tuesday, though they have yet to update their target price following a conference call. Similarly, Antique Stock Broking also issued a 'Buy' recommendation with a target price of Rs 340 per share.

In addition to announcing dividends, Power Grid's board has approved raising funds through an unsecured rupee term loan or line of credit up to Rs 60 billion from State Bank of India. This move is part of their financial strategy for future growth and stability.

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