128% Rally In 2-Yrs: Maharatna PSU Company Sets Record Date For Dividend

Large cap state-run company operating in Power Generation industry NTPC Ltd shares witnessed a surge of 2.99% after it fixed February 6, 2024 as the record date for second interim dividend. Last trading price of NTPC shares on BSE is quoted at Rs 308.30 apiece. NTPC shares gained 60% in last 6-months and surged 83% in last 1-year. The company will consider and approve its financial results along with interim dividend on January 29, 2024. Check details below:

NTPC Ltd To Consider Interim Dividend, Financial Results: As per the BSE filing of the company issued today, "a meeting of the Board of Directors of the Company is scheduled to be held at New Delhi on Monday, 29'" January, 2024 to, inter-alia, consider, approve and take on record the Un-audited Financial Results of the Company for the quarter and nine-months period ended December 31, 2023 after these results are reviewed by the Audit Committee of the Board. Second Interim dividend on the equity share capital of the Company for the year 2023-24 may also be, inter-alia, considered in the same Meeting of the Board of Directors."

NTPC Sets Record Date For Second Interim Dividend: The BSE filing further stated, "the Company has fixed Tuesday, February 6, 2024 as the "RECORD DATE' for the purpose of ascertaining the eligibility of the shareholders for payment of second interim dividend, if declared by the Board."

NTPC Shares Performance & Return: The 52-week high price of NTPC shares on BSE is Rs 325.60 apiece and 52-week low price is Rs 162.65 apiece, respectively. The company has a market capitalisation of Rs 2,98,560.35 crore. NTPC shares offered shareholders return of 128% in last 2-years, rose 209% in last 3-years, and gave return of 156% in last 5-years.

NTPC Dividend In 2023: As per the BSE filing of the company issued on October 28, 2023, "Further, Board of Directors in its aforesaid meeting decided, inter alia, to pay first interim dividend at the rate of 22.5% (Rs 2.25/- per share) on the face value of paid-up equity shares of Rs. I 0/- each for the financial year 2023-24. The date of payment / dispatch of dividend shall be 23 November 2023." The Company fixed Saturday, November 4, 2023 as the "RECORD DATE" for the purpose of ascertaining the eligibility of the shareholders for payment of interim dividend.

NTPC Q2 Results: The company announced its total revenue for the quarter ended September 2023 at Rs 44,983.35 crore, up 1.8% as against Rs 44,175.03 crore declared in the corresponding quarter of last year. NTPC declared its EBITDA (earnings before interest, taxes, depreciation and amortization) at Rs 13,081.5 crore, up 18/7% as against Rs 11,019.3 crore announced in the corresponding period of last fiscal year. EBITDA margin soared by 416 basis points (bps) to 28.8% from 24.6%.

NTPC Dividend History: NTPC announced 40 dividends since Feb 25, 2005. In the last 12 months, NTPC declared an equity dividend amounting to Rs 9.50 per share. At the current share price of Rs 308.30, NTPC's dividend yield is 3.08%. according to Trendlyne.

NTPC About: NTPC is India's largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. 4, 2023 as the "RECORD DATE" for the purpose of ascertaining the eligibility of the shareholders for payment of NTPC became a Maharatna company in May 2010. As of January 2020, there are 10 Maharatnas CPSEs in India. NTPC is ranked No. 2 Independent Power Producer(IPP) in Platts Top 250 Global Energy Company rankings.

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