Updated June 14, 2024 | 09:08 am
This year, Torrent Power paid a dividend of Rs 12 in February. (Image: iStock/ET NOW NEWS)
Torrent Power Dividend 2024: torrent power, one of the leading brands in the Indian energy sector has announced a 40 per cent dividend payout on each share for the financial year 2023-24. In FY24, the company posted a profit after tax (PAT) of Rs 1,896 crore compared to Rs 2,165 crore in FY23. A dividend is the reward that a company gives to its investors for their investment In the business. It is paid in cash from profits.
Torrent Power share price
Torrent Power shares closed in the red on Thursday at Rs 1,595 apiece, down 0.87 per cent. The bond recorded a high of Rs 1,633.10 and a low of Rs 1,575. More than 4.03 lakh shares changed hands that day.
Dividend Torrent Power 2024 Amount
A dividend is always calculated and paid on the face value of each share. Consequently, a 40 per cent dividend translates to Rs 4 per share on a face value of Rs 10.
"Recommended to members a final dividend of โน 4 per equity share on 48,06,16,784 numbers of equity shares of โน 10 each," the company stated in an exchange filing.
Torrent Power Dividend Ex date 2024
Torrent Power Limited has set June 14 as the ex-date for the final dividend.
Torrent Power's record dividend date in 2024
Torrent Power Limited has set June 14 as the record date to determine eligibility for shareholder participation in the next dividend or corporate action.
Torrent Power Dividend 2024 Payment Date
Torrent Power Limited will pay the final dividend on or before August 28, 2024.
Torrent Power Dividend Yield
At the current market price, Torrent Power Limited's dividend yield is 1 percent.
Torrent Power Dividend History
This year, Torrent Power paid a dividend of Rs 12 in February. Last year, the power company paid dividends twice: Rs 13 and Rs 9 (in February) and Rs 4 (in June).
Torrent Power Stock Price History
Torrent Power Limited is a constituent of BSE 200. As per BSE analysis (as on June 14), shares of Torrent Power Limited gained 9.28 percent and 11.22 percent in the last 1 week and 2 weeks , respectively. In the last 1 month and 3 months, the company's shares rose by 21.37 percent and 40.61 percent, respectively. On a year-on-year basis, the company's shares rose 69.58 percent. In the last 1 year, 2 years, 3 years, 5 years and 10 years, the power generation company's shares rose by 138.24 percent, 249.95 percent, 243.81 percent, 535.08 percent and 902.10 percent, respectively.
(Disclaimer: The above article is for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
