After 4.75/Share Dividend, Maharatna Company To Reward Shareholders With Bonus Share

Large cap public sector undertaking, Power Grid Corporation of India on Wednesday fixed September 12, 2023 as the record date for 1:3 bonus issue. Earlier, it rewarded its shareholders with final dividend of Rs 4.75 per share. Last trading price of Power Grid Corporation share is Rs 240.25 apiece with intraday fall of 0.52%. Power Grid Corporation shares offered 13% return in last 6-months. Check details below:

Power Grid Corporation Sets Record Date For Bonus Share: According to the BSE filing of the company dated August 8, 2023, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that the Company has fixed the Record Date as 12th September, 2023 for the purpose of ascertaining the eligibility of members entitled for issuance of Bonus Shares of the Company in proportion of 1:3 i.e.1 (One) equity share of nominal value Rs.10/- (Rupees Ten Only) each for every 3 (Three) equity shares of nominal value of Rs. 10/- (Rupees Ten Only) each held by Member(s)."

Power Grid Corporation of India Dividend: The company declared 4.75 per share dividend earlier this year and fixed August 8, 2023 as the record date. Power Grid Corporation of India announced 36 dividends since March 10, 2008. At the current share price of Rs 240.70, Power Grid shares offer a a dividend yield of 7.06%.

Power Grid Corporation Stock Performance & Return: Last trading price of Power Grid Corporation share is Rs 240.25 apiece with intraday fall of 0.52%. Its 52-week high price is Rs 266.85 apiece and 52-week low price is Rs 186.35 apiece, respectively. The company has a market capitalisation of Rs 1,67,585.26 crore. Power Grid Corporation stock rallied 8% in last 1-year, soared 36% in last 2-years, and jumped 82% in last 3-years.

Power Grid Corporation Financial Performance: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 11,257.60 crore, down 10.35% as compared to the last quarter total income of Rs 12,557.44 crore. It announced its recent quarter net profit after tax at Rs 3602.25 crore.

Power Grid Corporation About: Power Grid Corporation of India Limited (POWERGRID), is a Schedule 'A', 'Maharatna' Public Sector Enterprise of Govt. of India which was incorporated on 23rd Oct 1989 under the Company Act, 1956. POWERGRID is a listed Company, with 51.34% holding of Government of India and the balance is held by Institutional Investors and public, according to its official website.

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