Energy Development Company Limited generates and sells electricity from water and wind in India. The company operates through three divisions: Generating, Contract, and Trading. The Generating division generates and sells power to various electricity boards. It has 15 MW of renewable energy capacity and has 270 MW of hydroelectric projects at various stages of development. This division owns and operates 9 MW and 6 MW Harangi hydro-electric power plants in the district of Kodagu, as well as two wind projects of 1.5 MW each in the cities of Hassan and Chitradurga in Karnataka; and a 7 MW Ullunkal hydroelectric power project and 15 MW Karikayam hydroelectric power project in the state of Kerala. This division also executes various hydroelectric projects in the state of Arunachal Pradesh. The Contract division develops energy and infrastructure projects for other developers. It offers engineering, consultancy, and project management services for hydroelectric power plants; engineering, procurement, and construction services; third party power plant operations and maintenance services; and rehabilitation, renovation, modernization, and uprating consultancy and services for ageing hydro power plants. This division is also involved in the cogeneration or the combined generation of heat and power from a single fuel source, such as bagasse. The Trading division trades in power equipment, metals, etc. Energy Development Company Limited was incorporated in 1995 and is based in Kolkata, India.
Energy Development Dividend Announcement
• Energy Development announced a annually dividend of ₹0.50 per ordinary share which will be made payable on 2021-01-27. Ex dividend date: 2020-12-18
• Energy Development's trailing twelve-month (TTM) dividend yield is -%
Energy Development Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2020-12-18 | ₹0.50 | annually | 2021-01-27 |
2019-09-20 | ₹0.50 | annually | 2019-10-30 |
2018-09-19 | ₹0.50 | annually | 2018-10-29 |
2017-09-21 | ₹0.50 | annually | 2017-10-30 |
2016-09-21 | ₹0.50 | annually | 2016-10-29 |
2015-09-21 | ₹0.50 | annually | 2015-10-29 |
2014-09-16 | ₹0.50 | annually | 2014-10-18 |
2013-09-05 | ₹0.80 | annually | 2013-10-12 |
2012-08-30 | ₹1.20 | annually | 2012-10-08 |
2011-09-06 | ₹1.00 | annually | 2011-10-13 |
2010-12-07 | ₹1.00 | annually | 2011-01-12 |
2009-09-10 | ₹1.00 | annually | 2009-10-16 |
Energy Development Dividend per year
Energy Development Dividend growth
Energy Development Dividend Yield
Energy Development current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Energy Development stock? Use our calculator to estimate your expected dividend yield:
Energy Development Financial Ratios
Energy Development Dividend FAQ
Other factors to consider when evaluating Energy Development as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Energy Development's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Energy Development publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Energy Development distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Energy Development are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Energy Development sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Energy Development distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Energy Development declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Energy Development's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Energy Development's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.