Power Grid Corporation of India Limited, an electric power transmission utility, engages in the transmission of power in India. It operates in three segments: Transmission Services, Telecom Services, and Consultancy Services. As of March 31, 2022, the company owned and operated 1,72,437 circuit kms of transmission lines, as well as 265 substations with transformation capacity of 4,74,457 mega volt ampere. It also provides consultancy services, including power system planning and techno-economic feasibility studies; environmental and social impact assessment; design and engineering; procurement assistance; project management and construction supervision; asset management; and other services, such as owners' and lenders' engineer service; grid code and tariff mechanisms preparation; legal and technical advisory; and market analysis advisory services, as well as renewable energy certificate mechanism implementation. The company offers its consultancy services to firms, utilities, government departments, and IFIs in Afghanistan, Bangladesh, Kenya, Ethiopia, the United Arab Emirates, Nepal, Bhutan, Myanmar, Kyrgyzstan, Tajikistan, and Pakistan. In addition, it provides overhead optic fiber network services using optical ground wire on power transmission lines under the POWERTEL brand name; and operates EV charging stations. The company was formerly known as National Power Transmission Corporation Limited and changed its name to Power Grid Corporation of India Limited in October 1992. Power Grid Corporation of India Limited was incorporated in 1989 and is based in Gurugram, India.
Power Grid of India Dividend Announcement
• Power Grid of India announced a quarterly dividend of ₹4.50 per ordinary share which will be made payable on 2024-12-04. Ex dividend date: 2024-11-14
• Power Grid of India annual dividend for 2024 was ₹11.75
• Power Grid of India annual dividend for 2023 was ₹13.75
• Power Grid of India's trailing twelve-month (TTM) dividend yield is 3.43%
• Power Grid of India's dividend growth over the last five years (2018-2023) was 21.24% year
• Power Grid of India's dividend growth over the last ten years (2013-2023) was 17.46% year
Power Grid of India Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-14 | ₹4.50 | quarterly | 2024-12-04 |
| 2024-08-16 | ₹2.75 | quarterly | 2024-09-11 |
| 2024-02-15 | ₹4.50 | quarterly | 2024-03-05 |
| 2023-11-16 | ₹4.00 | quarterly | 2023-12-06 |
| 2023-08-08 | ₹4.75 | quarterly | 2023-09-11 |
| 2023-02-08 | ₹5.00 | quarterly | 2023-02-24 |
| 2022-11-14 | ₹5.00 | quarterly | 2022-11-30 |
| 2022-08-19 | ₹2.25 | quarterly | 2022-09-20 |
| 2022-02-16 | ₹5.50 | quarterly | 2022-03-08 |
| 2021-12-22 | ₹4.00 | quarterly | 2022-01-11 |
| 2021-09-08 | ₹3.00 | quarterly | 2021-10-08 |
| 2021-03-08 | ₹4.00 | quarterly | 2021-03-30 |
| 2020-12-17 | ₹5.00 | quarterly | 2021-01-08 |
| 2020-09-02 | ₹4.04 | quarterly | 2020-10-09 |
| 2020-03-16 | ₹5.96 | quarterly | 2020-03-21 |
| 2019-08-19 | ₹2.50 | quarterly | 2019-09-26 |
| 2019-03-14 | ₹5.83 | quarterly | 2019-03-22 |
| 2018-09-10 | ₹2.80 | quarterly | 2018-10-18 |
| 2018-02-08 | ₹2.45 | quarterly | 2018-02-15 |
| 2017-09-11 | ₹3.35 | quarterly | 2017-10-04 |
| 2017-02-16 | ₹1.00 | quarterly | 2017-03-02 |
| 2016-09-08 | ₹1.51 | quarterly | 2016-10-06 |
| 2016-02-03 | ₹0.80 | quarterly | 2016-02-16 |
| 2015-09-07 | ₹1.31 | quarterly | 2015-10-15 |
| 2015-03-09 | ₹0.69 | quarterly | 2015-03-19 |
| 2014-09-04 | ₹1.31 | quarterly | 2014-10-09 |
| 2014-03-04 | ₹1.27 | quarterly | 2014-03-19 |
| 2013-09-05 | ₹1.14 | quarterly | 2013-10-10 |
| 2013-02-15 | ₹1.61 | quarterly | 2013-03-04 |
Power Grid of India Dividend per year
Power Grid of India Dividend growth
Power Grid of India Dividend Yield
Power Grid of India current trailing twelve-month (TTM) dividend yield is 3.43%. Interested in purchasing Power Grid of India stock? Use our calculator to estimate your expected dividend yield:
Power Grid of India Financial Ratios
P/E ratio20.28
PEG ratio0.20
P/B ratio3.46
ROE17.79%
Payout ratio0.00%
Current ratio0.81
Quick ratio0.77
Cash Ratio0.26
Power Grid of India Dividend FAQ
How much is the next Power Grid of India dividend?
Power Grid of India's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Power Grid of India dividend. The next Power Grid of India dividend will be released in February, August, or November.
When is Power Grid of India dividend paid?
Power Grid of India pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Power Grid of India pay?
The specific amount of Power Grid of India dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Power Grid of India's dividend history.
Does Power Grid of India stock pay dividends?
Yes, Power Grid of India does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Power Grid of India's dividend history.
How much dividend does Power Grid of India pay?
Power Grid of India paid ₹11.75 in 2024, ₹13.75 in 2023, ₹12.75 in 2022, ₹11.0 in 2021, and ₹15.0 in 2020.
How often does Power Grid of India pay dividends?
Power Grid of India typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, August, and November.
What is Power Grid of India's dividend yield?
The current dividend yield for Power Grid of India is 3.43%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Power Grid of India's exact dividend yield.
When does Power Grid of India go ex dividend?
Power Grid of India's ex-dividend date for the latest dividend was on 2024-11-14. Power Grid of India typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Power Grid of India dividend paid?
Power Grid of India pays dividends on a quarterly basis, typically around February, August, or November, but the exact dates can vary each year.
Will Power Grid of India increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Power Grid of India will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Power Grid of India dividend per share?
Power Grid of India paid ₹11.75 per share in 2024 and ₹13.75 per share in 2023. The amount of dividend per share that Power Grid of India pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Power Grid of India a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Power Grid of India a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Power Grid of India a dividend stock?
Yes, Power Grid of India is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Power Grid of India a good dividend stock?
Whether Power Grid of India is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Power Grid of India has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Power Grid of India 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.
Other factors to consider when evaluating Power Grid of India 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.
Does Power Grid of India pay dividends monthly?
Power Grid of India typically pays dividends on a quarterly basis.
Does Power Grid of India pay dividends quarterly?
Power Grid of India currently pays dividends on a quarterly basis.
Has Power Grid of India ever paid a dividend?
Yes, Power Grid of India has a history of paying dividends to its shareholders. Power Grid of India is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Power Grid of India dividend stocks?
To buy Power Grid of India you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Power Grid of India stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Power Grid of India stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Power Grid of India pay dividends 2024?
Power Grid of India pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-04. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Power Grid of India increase its dividend in 2024?
Decisions regarding Power Grid of India dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Power Grid of India dividend overview you can look into the above table of dividend history.
How Power Grid of India dividend works?
The Power Grid of India dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Power Grid of India's dividend process works:
1. Determination of Dividend: Power Grid of India'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, Power Grid of India 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, Power Grid of India 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 Power Grid of India 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. Determination of Dividend: Power Grid of India'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, Power Grid of India 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, Power Grid of India 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 Power Grid of India 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.
How are Power Grid of India dividends paid?
Power Grid of India dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Power Grid of India 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, Power Grid of India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Power Grid of India 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.
1. Record Date: Power Grid of India 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, Power Grid of India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Power Grid of India 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.
How many times does Power Grid of India pay dividends?
Power Grid of India typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Power Grid of India pay dividends?
The general pattern is that Power Grid of India pays dividends around February, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Power Grid of India dividend safe?
The safety of Power Grid of India's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Power Grid of India'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 Power Grid of India'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.
To assess the safety of Power Grid of India'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 Power Grid of India'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.