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This Power Utility Firm Declares 450% Interim Dividend For Fy22

2 Logistics Companies Announce 2nd Interim Dividend For Fy22
Written by bobby
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This Power Utility Firm Declares 450% Interim Dividend For Fy22: The power-generation and distribution company- CESC in its board meeting held on January 13, 2022, declared an interim dividend of 450% equivalent to Rs. 4.5 per share on the paid-up equity share capital of the company. For the said dividend, the company has fixed January 25, 2022, as the record date.

Shareholders who will be eligible to receive this interim dividend

All shareholders or members whose names appear in the Register of Members of the Company, or, will appear as beneficial owners (as per particulars furnished by the Depositories viz., National Securities Depository Limited and Central Depository Services (India) Limited) of the company at the end of the record date i.e. January 25, 2022. So, for being eligible for this dividend you need to buy the company’s shares before the ex-dividend date which is January 24, 2022.

CESC Q3Fy22 earnings report card

For the quarter ended December of Fy22, the company’s total income came in at Rs. 1720 cr. Profit before tax came in at Rs. 231 cr. as against Rs. 306 cr. in the previous quarter. On a year-on-year basis, the profit however remained almost flat at Rs. 184 cr.

About CESC:

RP Sanjiv Goenka group entity, CESC is the country’s first fully integrated electrical utility company in West Bengal. The company’s operations cover the full value chain from coal mining, power generation to power distribution. Over the years, the company also has verged upon renewable sources.

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