Multibagger PSU Below Rs 100 Recommends Dividend, Record Date To Be Declared; Eligible?

Leading public sector undertaking NHPC Ltd shares gained 1.09% in trade today and 5% in last 1-week. Current market price of NHPC share on BSE is Rs 99.24 per share. Board of Directors of NHPC today recommended a final dividend of Re 0.50/- per equity share for the FY 2023-24. NHPC shares offered multibagger returns in last 1-year with shares soaring nearly 124% and gained 88% in last 6-months. LIC stake is 3.24% in NHPC as the PSU insurer has 325,141,165 shares of the company. More details below:

NHPC Ltd Declares Final Dividend: As per the regulatory filing of the company dated May 17, 2024, "The Board of Directors recommended final dividend @ 5% of face value of Rs.10/- per share (Re.0.50/- per equity share) on the paid up share capital of the Company for the FY 2023-24, 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 2023-24 paid in March, 2024. The final dividend, if declared, will be paid within the statutory period as per the Companies Act, 2013."

NHPC Q4: The PSU on May 17 announced a fall of 18% YoY in its net profit to Rs 610.93 crore for the March 2024. The state-owned hydro power company declared net profit of Rs 745.27 crore for the corresponding quarter last year. Sequentially, consolidated net profit witnessed marginal decline as it declared profit of Rs 628.44 crore in Q3. Revenue from operations fell to Rs 1,888.14 crore in March 2024 quarter as against Rs 2,028.77 crore in the previous year.

NHPC Limited Stock Performance & Return: The 52-week high price of NHPC Limited share on BSE is Rs 115.84 apiece (as on 05/02/2024) and 52-week low price is Rs 42.55 apiece (as on 26/05/2023), respectively. Its market cap is Rs 99,686.93 crore. NHPC shares zoomed 50% year-to-date, soared 201% in last 2-years, and offered return of 288% in last 3-years. In last 5-years, NHPC stock surged 348%.

NHPC Dividend History: NHPC announced 24 dividends since September 7, 2010. In the last 12 months, NHPC announced an equity dividend amounting to Rs 1.85 per share. At the current share price of Rs 93.43, NHPC Ltd offers dividend yield of 1.86%.

How To Be Eligible For NHPC Dividend? Shareholders who will hold NHPC shares before the ex-date and record date will become eligible to get dividend from the company. Eligibility for dividend shares will depend on record date and ex-date of the shareholders. The record date is the cut-off date that the company sets.

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 development etc. NHPC Ltd. (Formerly known as National Hydroelectric Power Corporation Ltd.) was incorporated in 1975 under Companies Act, 1956. The company is mandated to plan, promote and organize an integrated and efficient development of power in all its aspects through Conventional and Non-Conventional Sources in India and abroad. NHPC is a listed company on NSE and BSE after successfully concluding its IPO in 2009.

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