NHPC Dividend Record Date, What is the Present Market Value of NHPC?
The NHPC Dividend Record Date, set on February 22, 2024, determines eligibility for receiving the interim dividend of Rs 1.40 per share for the financial year 2023-24 based on ownership of company shares on that specific date.
by Kavitha
Updated Apr 11, 2024
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NHPC
NHPC Limited is an Indian-origin company started in 1975. It was previously known as the National Hydroelectric Power Corporation. It started its journey with the goal of planning, promoting, and managing the development of hydroelectric power efficiently. Later on, with huge success in hydroelectric power, NHPC started to focus on other energy sources like solar, geothermal, tidal, and wind.
At present, NHPC is recognized as a Mini Ratna Category-I Enterprise of the Government of India. In terms of investment base, NHPC holds a special position among the country’s top ten companies. Its headquarters are located in Faridabad, Haryana, India. The company is publicly traded on both the Bombay Stock Exchange and the National Stock Exchange.
NHPC is owned by the Government of India, which holds a majority stake of 70.95%. As of 2019, it has 6753 employers.
NHPC Dividend Record Date
NHPC, the company that generates electricity, has decided on a special date related to dividends. They've chosen February 22, 2024, as the "record date." This means that if someone wants to receive the interim dividend of Rs 1.40 per share for the financial year 2023–24, they must have ownership of the company's shares on this particular date.
It's a critical point for the company to determine who gets the dividend based on who owns the shares at that moment. So, if you hold NHPC shares by February 22, 2024, you might receive the dividend for that year.
Present Market Value of NHPC
NHPC holds high value in the market. It is recognized as a Schedule ‘A’ enterprise by the Indian Government. It has an authorized capital share of ₹150 billion and exceeds a hefty investment of ₹552 billion. NHPC recorded a significant profit after tax of ₹24.40 billion in the fiscal year 2015–16, which marks a 15% increase from the previous year’s profit. In India, NHPC is ranked among the top 10 companies based on investment.
In the beginning, NHPC took charge of executing important hydroelectric projects like Salal Stage-I, Bairasiul, and Loktak Hydroelectric Projects. It has successfully completed 22 hydroelectric projects with a combined installed capacity of 6717 MW since then.
NHPC has also executed five projects with an installed capacity of 89.35 MW on a turnkey basis. Two of these projects were completed in neighboring countries like Nepal and Bhutan, with capacities of 14.1 MW and 60 MW, respectively.
NHPC Dividend Summary
Announcement Date |
Ex-Date |
Dividend Type |
Dividend (%) |
Dividend (Rs) |
|---|---|---|---|---|
| 12-02-2024 | 22-02-2024 | Interim | 14 | 1.40 |
| 29-05-2023 | 22-08-2023 | Final | 4.5 | 0.45 |
| 07-02-2023 | 17-02-2023 | Interim | 14 | 1.40 |
| 25-05-2022 | 10-08-2022 | Final | 5 | 0.50 |
| 11-02-2022 | 22-02-2022 | Interim | 13.1 | 1.31 |
| 10-06-2021 | 16-09-2021 | Final | 3.5 | 0.35 |
| 11-02-2021 | 22-02-2021 | Interim | 12.5 | 1.25 |
| 29-06-2020 | 17-09-2020 | Final | 3.2 | 0.32 |
| 07-02-2020 | 17-02-2020 | Interim | 11.8 | 1.18 |
| 27-05-2019 | 12-09-2019 | Final | 7.5 | 0.75 |
| 08-02-2019 | 18-02-2019 | Interim | 7.1 | 0.71 |
| 28-05-2018 | 12-09-2018 | Final | 2.8 | 0.28 |
| 23-01-2018 | 20-02-2018 | Interim | 11.2 | 1.12 |
| 31-05-2017 | 13-09-2017 | Final | 1 | 0.10 |
| 02-01-2017 | 19-01-2017 | Interim | 17 | 1.70 |
| 30-05-2016 | 08-09-2016 | Final | 5.8 | 0.58 |
| 10-02-2016 | 18-02-2016 | Interim | 9.2 | 0.92 |
| 29-05-2015 | 10-09-2015 | Final | 4 | 0.40 |
| 16-01-2015 | 29-01-2015 | Interim | 2 | 0.20 |
| 07-07-2014 | 11-09-2014 | Final | 3 | 0.30 |
| 28-05-2013 | 30-08-2013 | Final | 6 | 0.60 |
| 25-05-2012 | 31-08-2012 | Final | 7 | 0.70 |
| 30-06-2011 | 02-09-2011 | Final | 6 | 0.60 |
| 25-05-2010 | 07-09-2010 | Final | 5.5 | 0.55 |
Importance of Dividend Record Date
A company’s checkpoint is referred to as the dividend record date, it is for the company to determine who gets dividends. The dividend record date where the company checks its shareholders list to determine who will receive the upcoming dividend payment.
If you buy the shares after the record date, you won't get the dividend for that period. For investors, it is important to understand the dividend record date to make sure they get their share profits.
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NHPC Dividend Record Date - FAQs
1. What is NHPC Limited?
NHPC Limited is an Indian-origin company established in 1975, formerly known as the National Hydroelectric Power Corporation, focused on hydroelectric power development.
2. What is the significance of NHPC's dividend record date?
NHPC's dividend record date, set on February 22, 2024, determines eligibility for receiving the interim dividend of Rs 1.40 per share for the financial year 2023-24.
3. What is NHPC's market value?
NHPC is valued highly in the market as a Schedule ‘A’ Enterprise with an authorized capital share of ₹150 billion and an investment base exceeding ₹552 billion.
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