NHPC LTD Dividend 2024 Record Date, Share Price, History

News: NHPC Limited, a prominent player in the power generation and distribution sector, has recently declared its dividend for the year 2024. In this article, we’ll delve into the details of NHPC’s dividend, including the record date, share price impact, and historical context.

NHPC’s Dividend Announcement

For the fiscal year ending March 2023, NHPC has announced an equity dividend of 18.50%, which translates to ₹1.85 per share. This dividend reflects the company’s commitment to rewarding its shareholders.

Record Date

The record date for NHPC’s dividend is 22nd February 2024. On this date, the company will determine the list of shareholders eligible to receive the dividend. If you own NHPC shares on or before this date, you’ll be entitled to the dividend payout.

Share Price Impact

As for the share price, NHPC’s stock closed at ₹94.80 on 19th February 2024. The dividend yield, calculated by dividing the dividend per share by the current share price, stands as an important metric for investors.

Historical Context

NHPC has a track record of consistently rewarding its shareholders through dividends. Investors often consider historical dividend payouts when evaluating a company’s financial health and stability. While the current dividend is based on the company’s performance in the fiscal year 2023, it’s essential to look back at NHPC’s dividend history to gain insights into its long-term commitment to shareholders.

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About NHPC LTD :

NHPC Limited, formerly known as the National Hydroelectric Power Corporation, is a significant player in India’s power generation and distribution sector. Let’s explore more about this dynamic organization:

Company Overview:

1. NHPC was incorporated in 1975 with the mission to plan, promote, and efficiently develop hydroelectric power projects.

2. Over time, NHPC has expanded its portfolio to include other renewable energy sources such as solar, geothermal, tidal, and wind.

3. It is now a Mini Ratna Category-I Enterprise of the Indian government and ranks among the top ten companies in the country in terms of investment base.

Hydropower and Beyond:

1. NHPC’s journey began with the Baira Suil Power Station in Salooni Tehsil of Chamba district, Himachal Pradesh.

2. Since then, NHPC has executed 22 hydro projects with an installed capacity of 6717 MW on ownership basis, including joint venture projects.

3. Additionally, NHPC has executed 5 turnkey projects with an installed capacity of 89.35 MW.

4. Notably, two of these projects have been commissioned in neighboring countries—Nepal and Bhutan—at capacities of 14.1 MW and 60 MW, respectively.

5. NHPC is currently engaged in the construction of 3 projects with a total capacity of 3130 MW.

Financial Snapshot:

1. As of 2023, NHPC’s revenue stands at ₹10,770 crore (approximately US$1.3 billion).

2. The company’s operating income is ₹5,054.56 crore (around US$630 million), and net income is ₹3,895.07 crore (approximately US$490 million).

3. NHPC’s total assets amount to ₹73,157 crore (about US$9.2 billion), with total equity at ₹23,045 crore (around US$2.9 billion).

Shareholding Structure:

1. The Government of India and state governments hold 74.51% of NHPC’s shares as promoters.

2. The remaining 25.49% is publicly held, with a total of 191,337 shareholders and a share capital of ₹12,300,742,773.

3. NHPC is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

NHPC’s dividend announcement for 2024 is a positive sign for investors. As the company continues to play a crucial role in India’s power sector, shareholders can expect consistent returns through dividends. Keep an eye on NHPC’s stock performance and stay informed about any further dividend declarations.

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