Dividend On Feb 7: Maharatna PSU Stock Sets Feb 15 As Record Date, Rallies 145% In 3-Yrs

Large cap Maharatna Power sector PSU Power Grid Corporation Of India today fixed February 15, 2024 as the record date for 2nd interim dividend. Board of Power Grid will hold a meeting on February 7, 2023 to consider and approve Unaudited Financial Results of the Company for the quarter and nine months ended 31st December, 2023 and 2nd interim dividend.

Last trading price of Power Grid Corporation share on BSE is Rs 199.50 apiece. Power Grid Corporation stock rallied 24% YTD and surged 108% in last 3-years. Power Grid shares hit fresh 52-week high in trade today and last trading price of Power Grid Corporation shares on BSE is Rs 253.80 apiece. Check details below:

Power Grid Corporation To Consider Interim Dividend, Financial Results: As per the regulatory filing of the company dated January 29, 2024, "a Meeting of Board of Directors of POWERGRID is scheduled to be held on Wednesday, 7th February, 2024 to consider and approve amongst other items of Agenda, the Unaudited Financial Results of the Company for the quarter and nine months ended 31st December, 2023 after these results are reviewed by the Audit Committee and the declaration of 2nd Interim Dividend out of the profits of the Company for the FY 2023-24."

Power Grid Sets Record Date For Interim Dividend: The BSE filing further stated, "it is informed that the Company has fixed Thursday, 15th February, 2024 as the 'Record Date' for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim Dividend, if declared, by the Board of Directors."

Power Grid Corporation Stock Performance & Return: The 52-week high price of Power Grid Corporation shares on BSE is Rs 255.00 per share and 52-week low price is Rs 157.80 per share, respectively. Its market capitalisation is Rs 2,36,049.32 crore. Power Grid share offered return of 31% in last 6-months, rallied 54% in last 1-year, and jumped 145% in last 3-years. Power Grid Corporation stock surged 142% in last 5-years.

Power Grid Corporation About: Power Grid Corporation of India Limited 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, one among the largest power transmission utilities in the world, has developed expertise in its core areas such as power transmission, sub-transmission system, distribution management, load dispatch & communications, in India and abroad. Leveraging its capacity and experience, consulting services have been provided to several customers globally. POWERGRID is a listed Company, with 51.34% holding of Government of India and the balance is held by Institutional Investors and public, as per its official website.

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