Power Grid Corporation of India Ltd board recommends final dividend of Rs. 4.04 for FY20

The Board of directors of Power Grid Corporation of India Ltd. in its meeting held on 20.06.2020 has recommended a final dividend of Rs. 4.04 per share (i.e.@ 40.40% on the paid up equity share capital) for the financial year 2019-20 subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. The final dividend would be paid within 30 days from the date of its declaration at the AGM.

This final dividend is in addition to the Interim Dividend of Rs.5.96 per share (i.e.@59.60% on the paid up equity share capital) paid on 21st March, 2020 for the financial year 2019-20.

Shares of POWER GRID CORPORATION OF INDIA LTD. was last trading in BSE at Rs.172.4 as compared to the previous close of Rs. 165.4. The total number of shares traded during the day was 169844 in over 2201 trades.

The stock hit an intraday high of Rs. 172.4 and intraday low of 165.1. The net turnover during the day was Rs. 28564858.

Source : Equity Bulls

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