Jamshedpur, Jas. Tata Power, one of the country’s largest power generation companies, has announced its fourth quarter financial figures. According to the data released by the company management, the company has earned a profit of Rs 440 crore as compared to Rs 366 crore in the last financial year. This is about 20 percent higher than the previous quarter. In such a situation, the company management has recommended a dividend of Rs 1.55 per share.
Payment date of tata power dividend is 17th-jun-2021
Details Of dividend of Tata Power.
Effective date: jun 17, 2021
Dividend per share: Rs. 1.5500
Dividend %: 155%
How Much Profit Gained by Tata Power In 2021?
The company management stated in its report that there was some pressure on net profit due to international coal prices in the fourth quarter. However, the company’s business grew by 49 per cent to Rs 16,881 crore as compared to Rs 10,255 crore in the previous quarter on account of cost savings and better performance of the solar project. The company did a business of Rs 33,079 crore with the help of solar projects as against Rs 28,948 crore in Odisha discoms, an increase of 14 per cent over the previous year.
Dividend Summary of tata power:
For the year ending March 2021 Tata Power Company has declared an equity dividend of 155.00% amounting to Rs. 1.55 per share. At the current share price of Rs. 105.35 this results in a dividend yield of 1.47%.
The company has a good dividend track report and has consistently declared dividends for the last 5 years.
Last 5 years dividend record of tata power:
|Announcement Date||Ex-Date||Dividend Type||Dividend (%)||Dividend (Rs)||Remarks|
|12-05-2021||17-06-2021||Final||155||1.55||Rs.1.5500 per share(155%)Dividend|
|19-05-2020||14-07-2020||Final||155||1.55||Rs.1.5500 per share(155%)Dividend|
|02-05-2019||04-06-2019||Final||130||1.30||Rs.1.3000 per share(130%)Final Dividend|
|02-05-2018||12-07-2018||Final||130||1.30||Rs.1.3000 per share (130%) Dividend. (Revised)|
|19-05-2017||10-08-2017||Final||130||1.30||Rs.1.3000 per share (130%) Dividend.|
|24-05-2016||07-09-2016||Final||130||1.30||Rs.1.3000 per share(130%)Dividend|
If You Have Tata Power Share’s Comment Down!
FOR ANY Inquiry.
Contact :- [email protected]