Record Date For Upcoming Dividend Revised After 2:1 Bonus: At ROE 33.84%, Energy Stock In Focus Ahead Of AGM

KP Energy, a power generating company, has witnessed significant decline from its 52-week highs. Going ahead, the stock will be in focus for its upcoming divided payout, for which approval from shareholders will be obtained in the annual general meeting (AGM) that is scheduled on September 26. The company has also announced its record date for the upcoming reward.

KP Energy Share Price:

KP's share price ended at Rs 382.55 apiece, down by 0.4% on BSE with market cap of Rs 2,551.23 crore. The smallcap is down by nearly 26% from its 52-week high of Rs 513.90 apiece, while its 52-week low is at Rs 158.82 apiece.

Data from BSE showed that KP Energy's PE ratio is at 41.58x, while the return on equity is strong at 33.84%.

KP Energy Dividend:

The company said, "about intimation of Book Closure and Record Date, we wish to inform you that in the event of final dividend being declared by the Members at the ensuing 15thAnnual General Meeting of the Company, the revised record date for payment of final dividend, under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, shall be October 7, 2024."

Notably, the 15th AGM is scheduled for Thursday, September 26, 2024.

Earlier, last month, the company turned ex-dividend for an interim dividend of 2% worth Rs 0.10 per share, while the company delivered two more dividends of 4% worth Rs 0.20 per share and 5% valuing to Rs 0.25 per share for FY24.

Overall, in FY24, the dividend payout is 11% worth Rs 0.55 per share.

KP Energy Bonus Issue:

Earlier, the company turned ex-bonus in February 2024 for additional shares in the ratio of 2:1. Since March 2017, KP Energy has issued bonus shares three times. The other bonuses were of 3:10 in May 2018, and 1.5:1 in March 2017.

KP Energy Stock Split:

Meanwhile, in March 2023, KP Energy stock also split in the ratio of 1:2 ratio, meaning, 1 equity share having a face value of Rs 10 each was sub-divided into two shares for Rs 5 face value.

KP Energy Ltd. is a trusted corporate group renowned for its strong management, efficient cost structure, and robust order book with ready project sites. Specializing in high-quality Wind Turbine Generators (WTGs) powered by sophisticated technology, the company excels in providing turnkey solutions for wind farm projects across India.