Power Grid Dividend 2020 With Record, Payment Detail And History

Power Grid Corporation Of India (POWERGRID) informed the exchanges on Friday that the company’s Board of Directors has declared the dividend for FY2021.

This is the first interim dividend declaration for the financial year ended 2021.

The board has approved payment of interim dividend of Rs 5/- per equity share of Rs 10/- each fully paid up.

The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, has being fixed as Saturday, 19th December, 2020.

    powergrid dividend 2020

    Power Grid Dividend Percentage & Record Date

    Power Grid Dividend Type INTERIM
    Power Grid Dividend Price Rs. 5/-
    Power Grid Dividend Announcement Date 12.12.2020
    Power Grid Dividend Ex-Dividend Date 18.12.2020
    Power Grid Dividend Record Date 19.12.2020
    Power Grid Dividend (%) 50%
    Power Grid Dividend Payment Date 08.01.2021
    Power Grid Quarterly Result Sep Q2
    Face Value (FV): Rs.10
    Financial year 2020-21
    Board Meeting held on 12.12.2020

    Power Grid Dividend Important Dates

    Power Grid Dividend Price Rs. 5/- per equity share
    Power Grid Dividend Record Date 19th December 2020
    Power Grid Dividend Payment Date 08th January 2021

    Power Grid Dividend History

    You can view Announcement Date, Effective Date, Dividend Type (Interim, Final and Special), and Percentage of Dividend given information for Power Grid Corporation Of India.

    Interim Dividend:

    • Declared interim dividend of Rs. 5/- per equity share of face value of Rs. 10/- each for the financial year 2020-21.

    • The Company has fixed 19th December 2020 as the “Record Date” for the purpose of payment of Interim Dividend on Equity Shares for the Financial Year 2020-21, if declared by the Board’. The Interim Dividend shall be paid to the Members on 8th January, 2021.

    Announcement Record Date Dividend Type Dividend % Dividend Price
    12/12/2020 19/12/2020 Interim 50% Rs.5/share
    22/06/2020 02/09/2020 Final 40% Rs.4.04/share
    27/02/2020 16/03/20200 Interim 60% Rs.5.96/share
    29/05/2019 19/08/2019 Final 25% Rs.2.50/share
    22/02/2019 14/03/2019 Interim 58% Rs.5.83/share
    29/05/2018 10/09/2018 Final 28% Rs.2.80/share

    About Power Grid Corporation Of India 

    Power Grid Corporation of India Limited (POWERGRID), is an Indian state-owned electric utility company headquartered in Gurugram, India. POWERGRID transmits about 50% of the total power generated in India on its transmission network.

    Power Grid Corporation Of India Ltd. was incorporated in the year 1989. Its today's share price is 194.4. Its current market capitalisation stands at Rs 100891.21 Cr. In the latest quarter, company has reported Gross Sales of Rs. 377435.4 Cr and Total Income of Rs.386727.2 Cr. The company's management includes Abhay Chaudhari, MN Venkatesan, Sunil Kumar Sharma, AR Mahalakshmi, Mritunjay Kumar Narayan, Mohammed Taj Mukarrum, Vinod Kumar Singh, Seema Gupta, K Sreekant, K Sreekant.

    It is listed on the BSE with a BSE Code of 532898 , NSE with an NSE Symbol of POWERGRID and ISIN of INE752E01010. It's Registered office is at B-9 Qutab Institutional Area,Katwaria Sarai, New Delhi-110016, Delhi. Their Registrars are ACC Ltd. It's auditors are AR & Co, BM Chatrath & Co, BM Chatrath & Co LLP, Chatterjee & Co, DP Sen & Co, Hingorani M & Co, Kothari & Co, Nataraja Iyer & Co, OP Bagla & Co, Parakh & Co, PSD & Associates, RGN Price & Co, Sagar & Associates, SK Mehta & Co, SK Mittal & Co, SRI Associates, TR Chadha & Co LLP, Umamaheswara Rao & Co, Veerabhadra Rao & Co, Venugopal & Chenoy.

    How To Check Eligibility for Power Grid Dividend?

    To determine whether you should get a dividend, you need to look at two important dates. They are the “record date” or “date of record” and the “ex-dividend date” or “ex-date.”

    When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend.

    Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date.

    If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

    Power Grid Dividend FAQs

    What is Power Grid dividend price?

    Company declared interim dividend of Rs.5/- per equity share of face value of Rs.10/- each (@50% of the paid up equity share capital) for the financial year 2020-21.

    What is Record date for Power Grid dividend?

    The Power Grid dividend record date is Saturday, 19th December 2020.

    What is Power Grid dividend payment Date?

    The Power Grid Interim Dividend shall be paid to the Members on 8th January, 2021.