Miniratna Power Sector Govt Company Under Rs 55 Sets Record Date For Dividend

Large cap company from power sector, NHPC Ltd on Wednesday fixed record date for dividend. Last trading price of the miniratna company is Rs 49.30 per share. NHPC shares witnessed a decline of 5.05% intraday on BSE. NHPC shares traded on new 52-week high value on August 1 and July 31. Check details below:

NHPC Ltd Sets Record Date For Dividend: As per the BSE filing of the PSU power sector company dated August 2, 2023, "The Company has fixed Tuesday, August 22, 2023 as "Record Date" for determining entitlement of members to receive final dividend [as recommended by the Board of Directors @ 4.50% (Re.0.45 per equity share) on the paid-up equity share capital of the Company] for the financial year 2022-23, if declared at the AGM. The members, whose name appear in the final dividend. The final dividend, if declared at the AGM, will be paid as per the provisions of the Act."

NHPC Dividend History: The company declared 22 dividends since September 7, 2010. In last 12 months, it announced an equity dividend amounting to Rs 1.90 per share. It offers a dividend yield of 3.86% if current NHPC share price of Rs 49.30 is taken into consideration, according to Trendlyne.

NHPC Ltd Stock Performance & Return Over Years: Last trading price of NHPC share is Rs 49.30 apiece. Its 52-week high price is Rs 52.71 per share and 52-week low price is Rs 33.40 per share, respectively. It has a market capitalisation of Rs 49,522.02 crore. NHPC stock offered its shareholders return of 11% in last 3-months, 18% return in last 6-months, 23% return in last 6-months, and rallied 39% in last 1-year. In last 2-years, NHPC stock soared 86% and jumped 142% in last 3-years.

NHPC Financial Outlook: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 2,228.68 crore, down 17.19% as against its last quarter total income of Rs 2,691.34 crore. It announced its latest quarter net profit after tax at Rs 729.48 crore.

About: NHPC Limited is a Mini Ratna Category-I Company with major shareholding of Government of India. NHPC Ltd. is committed to plan, promote and organize an integrated and efficient development of power through conventional and non- conventional sources in India and abroad, according to its official website.

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