NHPC dividend 2024 record date, amount and payout date – check details

NHPC shares experienced a remarkable surge of 8.4 percent after the company announced an interim dividend of ₹1.4 per share for the fiscal year 2023-24 during Tuesday’s trading session. 

Despite NHPC reporting a 14 percent decline in consolidated revenue and a 26 percent drop in profit for the December quarter compared to the previous year, the company attributes this downturn to the adverse impacts of flash floods in the Teesta River. These floods resulted in damages and interruptions to business operations.

NHPC’s Dividend for 2024: 

NHPC recently announced a dividend of 14 percent for the fiscal year 2023-24, translating to Rs 1.40 per share considering the current face value of Rs 10 per share. The company confirmed this in a filing, stating, “Payment of interim dividend at the rate of 14 percent (Rs 1.40 per equity share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2023-24.”

NHPC Record Date: 

NHPC has set the record date for determining shareholders’ eligibility for the upcoming dividend payment. The record date is February 22, 2024. The company mentioned, “The board has fixed 22.02.2024 as record date for the purpose of ascertaining eligibility of shareholders for payment of interim dividend.”

Payment Date: 

NHPC assured that the 14 percent dividend will be disbursed to eligible shareholders within the stipulated period. “The interim dividend shall be paid/dispatched within the period as stipulated in the Companies Act, 2013,” the filing stated.

Dividend History: 

According to the BSE website, NHPC distributed dividends on several occasions in recent years. In 2023, it paid Rs 0.45 in August and Rs 1.40 in February. Similarly, in 2022, the company distributed Rs 0.50 in August and Rs 1.31 in February. In 2021 and 2020, NHPC disbursed Rs 1.60 and Rs 1.50 per share, respectively, as dividends to its investors.



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