The Board of Directors of Tata Power Company Limited (TATAPOWER) held its meeting on Wednesday, i.e. May 12, 2021. It has declared dividend of Rs 1.55 per equity share of face value of Rs 1 each.
Tata Power Company Quarterly Result
The company marginal rise of one per cent in consolidated net profit at Rs 481.21 crore for March quarter 2020-21. Total income rose to Rs 10,222.48 crore in the quarter from Rs 6,793.95 crore in the same period a year ago. Further, total income in the year increased to Rs 32,907.34 crore from Rs 29,698.98 crore in 2019-20.
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Tata Power Company Dividend Record Date
The company in its letter informed the exchanges that it has fixed 18 June 2021 as the Record Date. Consequently, the declared dividend will be paid within 30 days.
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 so that you can get information about latest and upcoming dividend announced by companies in 2021.
Moreover, here is the copy of statement, the company has sent to the exchanges:
Pursuant to Regulation (33)(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (SEBI Listing Regulation), at the said meeting, the Board has recommended a dividend of ₹ 1.55 per Equity Share of ₹ 1 each (@ 155 %) to the shareholders for the year ended 31st March 2021.
Important Dates
- Company – Tata Power Company Limited
- Script Name – TATAPOWER (NSE) & 500400 (BSE)
- Dividend Amount – 1.55 Rs Per Share
- Dividend Type – Normal
- Ex-Dividend Date – 17 June 2021
- Record Date – 18 June 2021
- Payment Date – Within 30 days
Also, you can find more information about Tata Power Company on NSE and Moneycontrol – The core business of the company is to generate, transmit and distribute electricity. With an installed electricity generation capacity of 10,577 MW, it is India’s largest integrated power company.
