Large Cap Power Sector Govt Co Recommends Final Dividend, 1 Year Return 29%

Board of large cap company operating in Power sector, NHPC Ltd on Friday announced final dividend of 4.50% for the financial year 2022-23. Last trading price of NHPC Ltd share is Rs 42.91 apiece. NHPC Ltd share soared 29% in last 1-year. Check details below:

Board of NHPC Ltd Declares Final Dividend: According to the BSE filing of the miniratna company, "The Board of Directors in their meeting held on 29.05.2023 has inter-alia recommended final dividend @ 4.50% of face value of Rs 10/- per share (Re.0.45/- per equity share) on the paid up share capital of the Company for the FY 2022-23, subject to approval of shareholders in the ensuing Annual General Meeting. This is in addition to the interim dividend of Rs 1.40/- per equity share for the FY 2022-23 paid in March, 2023. The final dividend, if declared, will be paid within the statutory period as per the Companies Act, 2013."

NHPC Ltd Stock Performance & Return: Last trading price of NHPC Ltd is Rs 42.91 per share with intraday dip of 0.12%. NHPC Ltd share's 52-week high price is Rs 28.85 per share, respectively. The company has a market capitalisation of Rs 43,103.24 crore. NHPC Ltd share surged 10% in last 3-months, 29% in last 1-year, 65% in last 2-years, and 118% in last 3-years.

NHPC Ltd About: NHPC Limited is the largest hydropower development organization in India, with capabilities to undertake all the activities from conceptualization to commissioning of hydro projects. NHPC has also diversified in the field of Solar & Wind energy develepment etc. NHPC Ltd. (Formerly known as National Hydroelectric Power Corporation Ltd.) was incorporated in 1975 under Companies Act, 1956, according to its official website.