State-owned hydropower company NHPC Ltd has provided significant returns to its shareholders and has consistently distributed dividends. The Board of Directors of NHPC Ltd had announced a 5 percent dividend payout to investors. This translates into Rs 0.50 per equity share with a face value of Rs 10 for the fiscal year 2023-24.
The Board of Directors in the aforesaid meeting has also recommended a final dividend @ 5% of the 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 the approval of shareholders in the ensuing Annual General Meeting,” said the PSU in an exchange filing earlier on May 17.
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“The Company has fixed Monday, August 12, 2024, as the “Record Date” for determining entitlement of members to receive final dividend [as recommended by the Board of Directors @ 5.00% (Re.0.50 per equity share) on the paid-up equity share capital of the Company] for the financial year 2023-24, if declared at the AGM.
The members, whose name appear in the Register of Members/ List of Beneficial Owners as on the record date will be entitled to receive final dividend…,” the company said in a separate exchange earlier on July 30.
The final dividend, if declared at the AGM, will be paid as per the provisions of the Act, the company added in the exchange filing.
Read Also : NMDC Swarojgar Yojana Sparks Self-Employment Revolution in Kondagaon, ChhattisgarhNHPC has been paying dividends consistently to its investors. According to the BSE website, NHPC had in February this year paid a dividend of Rs 1.40 on each stock to its investors.
In 2023, NHPC had paid dividends twice - Rs 0.45 in August and Rs 1.40 in February. Back in 2022, the company had paid a dividend of Rs 0.50 in August and Rs 1.31 in February.
Shares of NHPC closed at Rs 97.75 on Friday, 1.06 percent lower than the previous close of Rs 98.80. The stock opened at Rs 99.15, reached an intra-day high of Rs 99.80, and a low of Rs 97.35.
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