Power Grid Shares To Trade Ex-Dividend Soon: Know Dividend Amount, Record Date And More

power grid shares to trade ex-dividend soon: know dividend amount, record date and more

Power Grid Dividend 2024 Record Date: Shares of Power Grid are set to trade ex-date this week. The company has announced the payment of 45 per cent dividend on each share. A dividend is a reward that a company pays to its shareholders for their investment in the business. A dividend is always calculated and paid on the face value of each stock.

Know the dividend amount as well as the ex-dividend date that Power Grid has set for the monetary reward.

Power Grid Dividend 2024 Amount

The current face value of Power Grid shares is Rs 10. Accordingly, the 45 per cent dividend translates into Rs 4.5 per share.

Power Grid Dividend 2024 Record Date

Power Grid has also fixed the record date for determining the eligibility of shareholders’ participation in the next dividend payment or upcoming dividend. Power Grid dividend record date is February 15, i.e., Thursday.

Power Grid Dividend History

According to data available on the website of Bombay Stock Exchange (BSE), Power Grid paid dividends on three occasions in 2023. The company’s shares traded ex-dividend in November for a monetary reward of Rs 4 per share. In August, the stock traded ex-dividend for a dividend of Rs 4.75 per equity share. In February, Power Grid shares traded ex-dividend for a monetary reward of Rs 5 per share.

Power Grid Share Price History

According to BSE analytics, the PSU stock has climbed 15.18 per cent year-to-date (YTD). In the past three months, the stock has delivered a positive return of 28.99 per cent to its investors. Power Grid shares have delivered returns of 69.83 per cent in the past one year and 80.84 per cent in two years.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)