The Board of Directors of ABB Power Products and Systems Limited held its meeting on February 26, 2021. It has declared Dividend of Rs 2 per equity share of face value of Rs 2 each, for year ended December 31, 2020.
ABB Power Products and Systems Quarterly Result
ABB Power Products and Systems India on Friday reported a nearly 55 per cent rise in its net profit at Rs 55 crore in the December quarter due to higher revenues and realization of old receivables. It had a net profit of Rs 35.5 crore in the quarter ended on December 31, 2019.
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ABB Power Products and Systems Ex-Dividend Date
The company in its letter informed the exchanges that it has fixed 19 May 2021 as the Ex-Dividend. Consequently, the declared dividend will be paid to those members who hold shares in physical form or in electronic form and whose names appear in the Register of Members of the Company on May 20, 2021.
To receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Moreover, here is the copy of statement, the company has sent to the exchanges:
We wish to inform you that the following decisions have been taken at the meeting of the Board of Directors of the Company held today: The Directors have recommended a dividend of INR 2/- per share (Rupees Two only) on 42,381,675 Equity Shares of face value of Rs.2/- each fully paid up for the year ended December 31, 2020.
Important Dates
- Company – ABB Power Products and Systems
- Script Name – POWERINDIA (NSE) & 543187 (BSE)
- Dividend Amount – 2 Rs Per Share
- Dividend Type – Normal
- Ex-Dividend Date – 19 May 2021
- Record Date – 20 May 2021
- Payment Date – On or after May 31, 2021
Also, you can find more information about ABB Power Products and Systems Limited on National Stock Exchange and Moneycontrol – The Company provides product, system, software and service solutions across the power value chain that are designed to meet the growing demand for electricity
