Power Grid Dividend 2020: Power Grid Corporation Of India Dividend Record Date, History, Payment Date, Payment Date, Payout Date, dividend history, Interim & Final Dividend per share

Power Grid Corporation Of India (POWERGRID) informed the exchanges on Friday that the company’s Board of Directors has declared the dividend for FY2021.

This is the first interim dividend declaration for the financial year ended 2021.

The board has approved payment of interim dividend of Rs 5/- per equity share of Rs 10/- each fully paid up.

The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, has being fixed as Saturday, 19th December, 2020.

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Power Grid Dividend Details

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Power Grid Dividend History

You can view Announcement Date, Effective Date, Dividend Type (Interim, Final and Special), and Percentage of Dividend given information for Power Grid Corporation Of India.

Interim Dividend:

• Declared interim dividend of Rs. 5/- per equity share of face value of Rs. 10/- each for the financial year 2020-21.

• The Company has fixed 19th December 2020 as the “Record Date” for the purpose of payment of Interim Dividend on Equity Shares for the Financial Year 2020-21, if declared by the Board’. The Interim Dividend shall be paid to the Members on 8th January, 2021.

Dividend History for Power Grid

Latest Dividends 2020

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Are you Eligible for Dividend?

To determine whether you should get a dividend, you need to look at two important dates. They are the “record date” or “date of record” and the “ex-dividend date” or “ex-date.”

When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend.

Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date.

If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

What’s the Difference Between the Record Date and Ex-Dividend Date?

What Is Record Date?

The record date, or date of record, is the cut-off date established by a company in order to determine which shareholders are eligible to receive a dividend.

The determination of a record date is required to ascertain who exactly a company’s shareholders are as of that date, since shareholders of an actively traded stock are continually changing. The shareholders of record as of the record date will be entitled to receive the dividend or distribution, declared by the company.

What is Ex-Dividend Date?

The ex-dividend date (or ex-date) of a stock is dictated by stock exchange rules and is usually set to be one business day before the record date.

In order for an investor to receive a dividend payment on the listed payment date, they would need to have their stock purchase completed by the ex-dividend date. If the stock sale has not been completed by the ex-dividend date, then the seller on record is the one who receives the dividend for that stock.

Power Grid Dividend FAQs