HPL Electric & Power Limited manufactures and sells electric equipment under the HPL brand in India. The company operates through four segments: Metering, Switchgear, Lighting & Electronics, and Cables. It offers digital panel and energy, multi-function, din rail, 1Ph and 3P direct connection counter/LCD, trivector, dual source projection, long range integrated, import export net, and IR and IRDA meters; load managers and demand controllers; power factor control and regulators; meter cover boxes; LPR, prepaid, smart, and group metering solutions; and data acquisition and billing software. The company also provides switches, sockets, communication sockets, regulators and dimmers, support modules, specialty products, plates, and boxes; cordless chimes, extension cords, holders and celling roses, international adapters, plug and multi plugs, special products, spike guard and power strips, wire doorbells, and video door phone accessories; and connectors and power socket combination products. In addition, it offers air circuit breakers, MCCB products, changeover switches, control and fuse gears, and isolators; and Osafe and RCCB products, MCB's and MCB changeover, distribution boards, ACCL 1 and 3 phase products, and oprotect products. Further, the company provides domestic and industrial wires; data networking and transmission, and specialty cables, as well as special, control, and instrumentation cables; downlights and panels; LED battens, lamp, panels, and spotlights; home décor products; and architecture, retail, boilers and petrol pump, high bay, box type LED, weatherproof, well glass, street, flood, and exotica lighting products, as well as solar products. It serves residential and commercial users, public and private enterprises, and power utilities through dealers and distributors. The company also exports its products to approximately 42 countries. HPL Electric & Power Limited was incorporated in 1992 and is based in Noida, India.
HPL Electric & Power Dividend Announcement
• HPL Electric & Power announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-30. Ex dividend date: 2024-09-23
• HPL Electric & Power annual dividend for 2024 was ₹1.00
• HPL Electric & Power annual dividend for 2023 was ₹1.00
• HPL Electric & Power's trailing twelve-month (TTM) dividend yield is 0.17%
HPL Electric & Power Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-23 | ₹1.00 | annually | 2024-10-30 |
2023-09-22 | ₹1.00 | annually | 2023-10-30 |
2022-09-22 | ₹0.15 | annually | 2022-10-30 |
2021-09-22 | ₹0.15 | annually | 2021-10-30 |
2020-09-22 | ₹0.15 | annually | 2020-10-30 |
2019-09-18 | ₹0.20 | annually | 2019-10-26 |
2018-09-18 | ₹1.00 | annually | 2018-10-27 |
2017-09-19 | ₹1.50 | annually | 2017-10-28 |
HPL Electric & Power Dividend per year
HPL Electric & Power Dividend growth
HPL Electric & Power Dividend Yield
HPL Electric & Power current trailing twelve-month (TTM) dividend yield is 0.17%. Interested in purchasing HPL Electric & Power stock? Use our calculator to estimate your expected dividend yield:
HPL Electric & Power Financial Ratios
HPL Electric & Power Dividend FAQ
Other factors to consider when evaluating HPL Electric & Power 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: HPL Electric & Power'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, HPL Electric & Power 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, HPL Electric & Power 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 HPL Electric & Power 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: HPL Electric & Power 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, HPL Electric & Power distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: HPL Electric & Power 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 HPL Electric & Power'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 HPL Electric & Power'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.