Due to the company’s board of directors’ consideration of an interim dividend today, the price of CG Power’s shares opened higher on Tuesday. On the BSE, shares of CG Power increased by as much as 1.33% to ₹619.00 each. The interim dividend for FY25 will be discussed and approved by the CG Power and Industrial Solutions board of directors at its meeting today, March 17. In a regulatory filing on March 11, CG Power and Industrial Solutions stated, “We would like to notify you that a meeting of the Company’s Board of Directors is planned for Tuesday, March 18, 2024, among other things, to consider declaration of Interim Dividend, if any, for the financial year 2024-25.” The record date and payment date for the CG Power dividend have not yet been disclosed.
History of CG Power Dividends
On February 5, 2024, CG Power and Industrial Solutions last declared an interim dividend of ₹1.30 per share. According to information available on the BSE, the business had previously paid out an interim dividend to its shareholders on March 15, 2023, at a rate of ₹1.50 per share. Additionally, the business paid out interim dividends of ₹0.40 on February 6, 2015, and October 22, 2014.
Performance of the CG Power Stock Price
The price of CG Power’s stock rose more than 6% in a single month, but it has dropped 15% over the last six months. CG Power shares, on the other hand, have produced multibagger returns of 114% in just two years and an incredible 10,778% return over the previous five.