NHPC, one of India’s leading hydroelectric power producers, has recently unveiled plans to distribute dividends to its valued shareholders. In a move reflective of the company’s robust performance, NHPC declares dividend for 2024 of 14% per share. This decision underscores NHPC’s commitment to rewarding its investors while maintaining its financial health and growth trajectory.
Furthermore, NHPC has diligently established crucial dates to facilitate the dividend distribution process. Notably, the company has earmarked a specific “record date,” a pivotal milestone that determines which shareholders are eligible to receive the declared dividends. Alongside this, NHPC has disclosed the forthcoming “dividend payment date,” ensuring clarity and transparency for its stakeholders.
As NHPC continues to navigate the dynamic energy landscape, this dividend announcement stands as a testament to the company’s steadfast dedication to its shareholders and its strategic vision for sustainable growth.
NHPC Declares Dividend 2024: Amount, Record Date, Payment Date and Historical Insights:
NHPC Dividend 2024 Amount: With NHPC’s current face value shares priced at Rs 10, the declared dividend stands at 14%, equivalent to Rs 1.40 per share. The company officially confirmed this in a filing, stating, “Payment of interim dividend at the rate of 14 per cent (Rs 1.40 per equity share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2023-24.”
NHPC Dividend 2024 Record Date: NHPC has set the record date for determining shareholder eligibility for the upcoming dividend payment. Mark your calendars for February 22, 2024, as NHPC’s dividend record date. According to the company’s filing, “The board has fixed 22.02.2024 as record date for the purpose of ascertaining eligibility of shareholders for payment of interim dividend.”
NHPC Dividend 2024 Payment Date: Eligible shareholders can anticipate receiving their dividends within the stipulated timeframe. NHPC reassures shareholders, stating, “The interim dividend shall be paid/dispatched within the period as stipulated in the Companies Act, 2013,” as per filing.
NHPC Dividend History: Reflecting on NHPC’s dividend history provides valuable context. In 2023, NHPC distributed dividends twice: Rs 0.45 in August and Rs 1.40 in February. In 2022, shareholders received Rs 0.50 in August and Rs 1.31 in February. NHPC’s consistent dividend payouts in 2021 and 2020 were Rs 1.60 and Rs 1.50, respectively, per share.
NHPC Share Price History: NHPC’s performance isn’t limited to dividends; its share price history underscores its growth. As a constituent of S&P BSE 200, NHPC has exhibited impressive performance. Year-to-date, the stock has surged by 33%. Over the past three months, investors enjoyed a positive return of 69%, while NHPC shares have delivered remarkable returns of 119% and 199% over one and two years, respectively. Remarkably, NHPC’s stock has surged by an impressive 250% over the past three years, signaling robust growth and investor confidence.
NHPC’s dividend announcement for 2024, coupled with its historical performance, underscores its resilience and attractiveness as an investment opportunity in the energy sector.
NHPC Submitted Quarter Ended December’2023 Financial Result:
Today on 12-February-2024, NHPC Limited disclosed its financial results for the period ending December 31, 2023, marking a significant event for investors. However, this announcement coincided with a notable market reaction, on the National Stock Exchange (NSE), where NHPC’s share price experienced a substantial decline. Here’s a snapshot of the events:
NHPC Limited promptly submitted its financial results to the Exchange at 2:35:23, providing crucial insights into its performance. However, in the immediate aftermath of this disclosure, the price of NHPC shares on the NSE witnessed a drastic downturn. Specifically, the share price plummeted from Rs. 87 to Rs. 77.65, representing a staggering decline of approximately 10.75%.
This sudden and significant fall in NHPC’s share price underscores the market’s reaction to the disclosed financial results. Investors are likely analyzing the reported figures and adjusting their positions accordingly, leading to notable fluctuations in NHPC’s stock valuation. As per the submitted financial results for quarter ended December’2023, NHPC’s net profit decreased from Rs. 796.79 crores to Rs. 679.90 crores. This translates to a considerable decline of 14.67% in net profit compared to the previous period which impacted discernible on its share price on the National Stock Exchange (NSE) today.
As market dynamics continue to evolve, it will be essential for investors to closely monitor NHPC’s performance and any subsequent developments that may impact its share price trajectory. The reaction to the financial results highlights the importance of timely and transparent disclosure in influencing investor sentiment and market dynamics.
NHPC Limited has informed the Exchange that Record date for the purpose of Dividend is 22-Feb-2024, click here to read more.
NHPC Limited has informed the Exchange that Board of Directors at its meeting held on February 12, 2024, declared Interim Dividend of 1.40 per equity share, click here to read more.
NHPC Limited has submitted to the Exchange, the financial results for the period ended December 31, 2023, click here to read more.
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