Board Of Maharatna Company Fixes Record Date For Interim Dividend, Dividend Yield 6.79%

Board of Power Grid Corporation of India Ltd has fixed record date for interim dividend. Power Grid Corporation of India is a Schedule 'A', 'Maharatna' Public Sector Enterprise of Government of India. It was incorporated on 23rd Oct 1989 under the Company Act, 1956. It 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.

The company has a market capitalisation of Rs 1,51,332.45 crore. Check key takeaways pertaining to interim dividend:

1. Power Grid Corporation of India Sets Record Date For Interim Dividend

The board of director of Power Grid Corporation in its exchange filing said, "Further, pursuant to Regulation 42 of the SEBI (LODR), 2015, it is informed that the Company has fixed Tuesday, 15 th November, 2022 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."

Therefore, the record date for interim dividend is fixed as November 15, 2022.

2. Power Grid Corporation of India Shares Performance

The stock has given a return of 38% in last 5 years, 43% in last 3 year, and 12% in last 1 year.

3. Power Grid Corporation of India Stock Outlook

The last trading price of Power Grid share is Rs 216 apiece with an intraday decline of 0.28%. The stock's 52-week high is Rs 248 apiece and 52-week low is Rs 180 apiece, respectively.

4. Power Grid Corporation Dividend History

The company has a good dividend history and regularly declared dividend in the last 5 years. The company for the year ended March 2022 declared an equity dividend of 147% or Rs 14.75. It has a dividend yield of 6.79% if the current market price of Rs 216 is taken into consideration.