BIG Dividend Bonanza! Maharatna PSU Announces 45% Payout, Check Dividend Record Date, Target Price

Dividend Alert: Power Grid Corporation of India recently announced its first interim dividend for the financial year 2025-25. The Maharatna PSU firm is set to pay around 45% dividend to eligible shareholders. While Power Grid shares ended in red on Tuesday, the PSU stock may attract investors' interest ahead of the dividend record date.

Power Grid share price closed 3.13% lower at Rs 279 per share on BSE with a market capitalisation of Rs 2,59,486.85 on Tuesday. The stock had dipped to an intraday low mark of Rs 278.10 per share and an intraday high mark of Rs 284.85 per share.

Power Grid Dividend

Power Grid's board of directors on Monday approved a dividend of 45% for FY26. "Payment of 1st (first) Interim Dividend of Rs. 4.50/- per equity share of Rs. 10/- each (@ 45% of the paid-up equity share capital) for the Financial Year 2025-26," read a BSE filing released by Power Grid on Monday.

Power Grid has fixed the dividend record date for next week and the payment of the mentioned dividend will be made in December.

Power Grid Dividend Record Date

Power Grid dividend record date has been fixed as Monday, November 10. The company will pay the dividend amount only to the investors who will own the share on or before the dividend record date, ie 10 November. The interim dividend will be paid to the eligible shareholders on Monday, 1 December, as per Power Grid BSE Filing. The Board has also approved raising of funds through an unsecured rupee term loan/line of credit up to Rs 60b from State Bank of India.

Power Grid Share Price Recommendation

Brokerage Motilal Oswal gave a 'Buy' rating for the stock in its report, released on Tuesday. However, the target price is yet to be revised after the conference call. Antique Stock Broking, in its latest report, gave a 'Buy' rating for Power Grid with a target price of Rs 340 per share.

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