Power Grid dividend record date nears: Last chance to buy for eligibility

Shares of Power Grid Corporation of India will be in focus on Monday as it marks the last trading day to buy the stock and become eligible for the company’s final dividend.

The state-run power transmission major has declared a final dividend of 12.5% at Rs 1.25 per share for the financial year, with Tuesday, August 19, set as the record date for determining eligible shareholders.

Investors who wish to receive this payout must ensure they buy the shares in today's session, as settlement rules require ownership to be recorded before the ex-dividend date.


Dividend declarations like these often draw investor attention as they provide an opportunity to lock in additional returns. In the case of Power Grid, the final dividend adds to the company’s track record of steady payouts, which is seen as an attractive factor for income-focused investors.

Apart from Power Grid, several other listed companies have also announced dividends with the same record date of August 19. These include:

• Apollo Hospitals Enterprise – Final dividend of 200% at Rs 10 per share
  
• Cyber Media Research & Services – Final dividend of 20% at Rs 2 per share
  
• Elixir Capital – Final dividend of 12.5% at Rs 1.25 per share
  
• Industrial & Prudential Investment Company – Final dividend of 1100% at Rs 110 per share
  
• Natco Pharma – Interim dividend of 100% at Rs 2 per share
  
• Refex Industries – Interim dividend of 25% at Rs 0.50 per share
  
• RK Swamy– Final dividend of 30% at Rs 1.50 per share
  
• Shyam Metalics and Energy – Final dividend of 22.5% at Rs 2.25 per share
  
• Silver Touch Technologies – Final dividend of 5% at Rs 0.50 per share
  
• Sumedha Fiscal Services – Final dividend of 10% at Rs 1 per share
  
• The Jammu & Kashmir Bank – Final dividend of 215% at Rs 2.15 per share
  

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)