“It is hereby informed that the Company has fixed Wednesday, 7th August, 2024 as Record Date for the purpose of ascertaining the entitlement of Members for the Final Dividend of Rs.3.25/- (Three Rupees twenty five paisa only) per share (on the face value of Rs. 10/- each) on the Equity Shares of the Company for the Financial Year 2023-24 as recommended by the Board of Directors of the Company in their meeting held on 24th May 2024,” said the company in a filing to the exchanges.
Earlier in the month of May, NTPC had announced a dividend for its shareholders along with the declaration of its Q4 results for the financial year 2024.
Also read: IDFC First Bank Q1 Results: Profit falls 11% to Rs 681 crore, NII jumps 25%
In the past 12 months, NTPC has declared an equity dividend amounting to Rs 7.50 per share including 2 interim dividends and a final dividend. Considering the current market price of NTPC shares at Rs 396.50, the stock’s dividend yield is 1.89%, according to Trendlyne data.
NTPC has reported a standalone net profit of Rs 4510.98 crore for the quarter ended June 30, 2024, up by 11% YoY, while the revenue from operations went up to Rs 44,419.22 crore in the same period.
The revenue from operations was up by 13.5% on a year-on-year basis from Rs 39,122.25 crore in the same quarter a year ago.
Shares of NTPC closed 1.14% higher at Rs 396.50 on BSE in the previous session.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
