Power Sector PSU Stock Approved Rs 1.15/Share Interim Dividend, Fixed Record Date, Details Inside

SJVN Ltd., a power sector PSU stock, in its Board meeting held on February 2, 2023, declared an approved interim dividend of Rs 1.15/share for the Financial Year 2022-23. SJVN Limited is a Mini Ratna, Category-I and Schedule -'A' CPSE. The company is under the administrative control of the Ministry of Power, Government of India, and was incorporated on May 24, 1988, as a joint venture of the Government of India and the Government of Himachal Pradesh. Here are the Key takeaways about the stock:

SJVN Ltd. Stock Performance & Outlook

The stock of SJVN Ltd last traded at Rs 32.30 apiece on NSE, down 3% from its previous close. The stock has fallen 5% in the past 1 week. In the past 1 month, it declined 6.24% and in 3 months it fell 16.21%, respectively. In the past 1 year, it gained 3.19% and in 3 years it gained 23.99%, respectively. It declined 9.78% in the past 5 years.

The 52 week low of the stock was recorded on 26 May 2022 at Rs 25.45 apiece and the 52-week high on 5 December 2022 at Rs 42.35 apiece, respectively. It has a market capitalisation of Rs 12,693.24 crore.

SJVN Ltd. Approves Interim dividend

The Board of Directors of SJVN Ltd. in their exchange filing to BSE on 6 February 2023, said, "Further in terms of Regulation 30 and Regulation 42 of the SEBI, LODR, 2015, we would like to inform that the Board of Directors in the aforesaid meeting have also approved interim dividend of Rs.1.15/- per equity share for the Financial Year 2022-23. The record date for the same is fixed on 17.02.2023. The payment of dividend shall start from 01.03.2023 onwards."

SJVN Ltd. Dividend History

The stock maintains a rich dividend history and constantly delivered dividends in the past 5 years. It has declared 22 Dividends since September 2010. Among these 22 Dividends, 13 are Final Dividends and 9 are Interim Dividends. The stock in the past 12 months has an equity dividend amounting of Rs 1.70/share. Its dividend yield is 5.26% and the face value is Rs 10. 

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