NTPC board declares August 7 as record date for Rs 3 dividend

The board of directors of the state-owned company NTPC on Saturday declared August 7 as the record date for the purpose of determining the eligible shareholders for the final dividend of Rs 3.25 per share.

“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.

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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.

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