The state-run power transmission major has declared a final dividend of 12.5% at Rs 1.25 per share for the financial year, with Tuesday, August 19, set as the record date for determining eligible shareholders.
Investors who wish to receive this payout must ensure they buy the shares in today’s session, as settlement rules require ownership to be recorded before the ex-dividend date.
Dividend declarations like these often draw investor attention as they provide an opportunity to lock in additional returns. In the case of Power Grid, the final dividend adds to the company’s track record of steady payouts, which is seen as an attractive factor for income-focused investors.
Apart from Power Grid, several other listed companies have also announced dividends with the same record date of August 19. These include:
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