Torrent Power Limited, an integrated power utility, engages in the generation, transmission, and distribution of electricity in India. The company owns thermal and renewable power plants with a generation capacity of approximately 4,110 megawatts. It also distributes electricity in the cities of Ahmedabad, Gandhinagar, Surat, and Dahej SEZ covering the total area of approximately 425 square kilometers, as well as Dholera SIR covering an area of 920 square kilometers; and operates as a franchisee for electricity distribution in the cities of Bhiwandi, Agra, and Shil-Mumbra-Kalwa covering an area of approximately 1,007 square kilometers. In addition, the company is involved in the manufacture and supply of power cables. It serves approximately 4 million customers in the states of Gujarat, Maharashtra, Uttar Pradesh, Rajasthan, Madhya Pradesh, and Karnataka, as well as operations in the union territory of Dadra and Nagar Haveli, and Daman and Diu with approximately 0.2 million customers covering 603 square kilometers. The company was incorporated in 2004 and is based in Ahmedabad, India. Torrent Power Limited is a subsidiary of Torrent Investments Private Limited.
Torrent Power Dividend Announcement
• Torrent Power announced a semi annually dividend of ₹4.00 per ordinary share which will be made payable on 2024-08-29. Ex dividend date: 2024-06-14
• Torrent Power annual dividend for 2024 was ₹16.00
• Torrent Power annual dividend for 2023 was ₹17.00
• Torrent Power's trailing twelve-month (TTM) dividend yield is 0.94%
• Torrent Power's dividend growth over the last five years (2018-2023) was 27.73% year
• Torrent Power's dividend growth over the last ten years (2013-2023) was 23.86% year
Torrent Power Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-14 | ₹4.00 | semi annually | 2024-08-29 |
2024-02-16 | ₹12.00 | semi annually | |
2023-06-16 | ₹4.00 | semi annually | 2023-09-08 |
2023-02-22 | ₹13.00 | semi annually | 2023-03-16 |
2022-02-10 | ₹9.00 | semi annually | 2022-04-01 |
2021-06-24 | ₹5.50 | semi annually | 2021-09-03 |
2021-02-16 | ₹5.50 | semi annually | 2021-03-11 |
2020-02-18 | ₹11.60 | semi annually | 2020-03-13 |
2019-06-13 | ₹5.00 | semi annually | 2019-09-04 |
2018-06-08 | ₹5.00 | semi annually | 2018-08-31 |
2017-06-08 | ₹2.20 | semi annually | 2017-08-31 |
2016-03-17 | ₹4.50 | semi annually | 2016-03-23 |
2015-06-11 | ₹1.50 | semi annually | 2015-09-03 |
2014-06-12 | ₹0.50 | semi annually | 2014-08-27 |
2013-06-13 | ₹2.00 | semi annually | 2013-08-24 |
Torrent Power Dividend per year
Torrent Power Dividend growth
Torrent Power Dividend Yield
Torrent Power current trailing twelve-month (TTM) dividend yield is 0.94%. Interested in purchasing Torrent Power stock? Use our calculator to estimate your expected dividend yield:
Torrent Power Financial Ratios
Torrent Power Dividend FAQ
Other factors to consider when evaluating Torrent 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: Torrent 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, Torrent 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, Torrent 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 Torrent 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: Torrent 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, Torrent 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: Torrent 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 Torrent 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 Torrent 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.