CESC Dividend 2024 Record Date, Share Price, History

News: CESC Limited is a prominent Indian company engaged in the power generation and distribution business. With a rich history dating back to the early 20th century, CESC has been a key player in providing electricity to millions of households and businesses.

The Exciting News: Dividend Announcement

On January 19, 2024, the board of directors of CESC Limited made an exciting announcement. They declared an interim dividend of INR 4.50 per equity share (which translates to a whopping 450% dividend!) on the paid-up equity share capital of the company. This means that shareholders will receive this dividend based on their ownership of CESC shares.

Key Details:

1. Dividend Amount: INR 4.50 per equity share

2. Record Date: February 1, 2024

3. Eligibility: Shareholders whose names appear in the Register of Members of the Company or those who will appear as beneficial owners (as per particulars furnished by the Depositories) on the record date are eligible to receive the dividend.

Why Is This Important?

Dividends are a way for companies to share their profits with shareholders. When a company performs well, it can distribute a portion of its earnings to its investors. For CESC shareholders, this dividend payout is a welcome bonus.

Share Price Impact

Following the dividend announcement, investors often pay close attention to the company’s share price. While dividends don’t directly impact share prices, they can influence investor sentiment. A generous dividend can attract more investors and positively affect the stock’s performance.

Historical Context

CESC has a consistent track record of rewarding its shareholders through dividends. In 2023, the company also declared a 450% interim dividend. This commitment to rewarding investors reflects CESC’s financial stability and confidence in its business operations.

Subscribe to Sarkari Result to stay informed. Get the latest celebrity news and detailed movie reviews in real-time. Keep up with the constantly changing world of entertainment with Sarkari Exam.

About CESC Limited :

CESC Limited, a trusted power utility company, plays a vital role in the electricity generation and distribution sector. Let’s delve into the details:

Company Overview:

1. CESC Limited is an Indian electricity generation and distribution company.

2. It serves an area of 567 square kilometers administered by the Kolkata Municipal Corporation.

3. The coverage extends to parts of Howrah, Hooghly, and both North and South 24 Parganas districts in West Bengal.

Services Offered:

1. New Connections: CESC facilitates new electricity connections for residential and commercial purposes.

2. Online AC Applications: Customers can apply for air conditioner connections conveniently through the CESC website.

3. Bill Payments: CESC provides a seamless online platform for paying monthly electricity bills.

4. Wide Range of Services: From customer helplines to voice-assistants, CESC ensures a smooth experience for its users.

As the Record Date approaches, CESC shareholders eagerly await their dividend payouts. Whether you’re a seasoned investor or new to the stock market, keeping an eye on such announcements can help you make informed decisions.

Disclaimer: Please note that all content and tools on this website are provided for your convenience and are offered “as is” without warranties. The information provided, including any tool-generated output, is for informational purposes only and should not be considered investment advice or guarantees. Exercise caution, seek professional advice, and make independent judgments before acting on any information found on this site.

FAQs

1. When is the dividend announced for CESC in 2024?

The dividend declaration for CESC in 2024 is marked with a record date on February 1st and a payment date on February 17th.

2. In which sectors does CESC conduct its operations?

CESC is involved in power generation, distribution, and coal mining.

3. Can one rely on dividend payments from CESC?

Certainly, CESC has a track record of reliably rewarding its shareholders through consistent dividend payments.