KPI Green Energy Share Price Declines After Shares Turn Ex-Dividend

KPI Green Energy Ltd.'s share price declined on Tuesday after the shares turned ex-dividend. The Gujarat-based solar power generation company had announced an interim dividend of Rs 0.20 per equity share for the financial year 2025.

The announcement came after KPI Green Energy released its financial statements for the quarter ending December 2024, as detailed in an exchange filing dated February 6. The record date for the interim dividend payout had been fixed as February 18. Shareholders listed on the Register of Members as of this date are eligible to receive the dividend within 30 days of its declaration.

In a statement, the company said, “Considered, approved and declared third interim dividend at 4% i.e. Re 0.20 (Twenty Paisa Only) per equity share having a face value of Rs 5/- each, on the equity share capital of the company for the financial year 2024-25. The record date for payment of this interim dividend is February 18, 2025.”

KPI Green Energy, headquartered in Surat, is a renewable energy-focused arm of the KP Group. Established in 2008, the company specialises in developing, building, owning, operating, and maintaining solar and hybrid power plants. The recent decline in share price reflects the typical market reaction to stocks turning ex-dividend, as investors adjust their positions following the dividend announcement.

The scrip fell as much as 4.47% to Rs 378 apiece. It pared losses to trade 3.71% lower at Rs 381 apiece, as of 09:52 a.m.

It has fallen 26.23% in the last 12 months. Total traded volume so far in the day stood at 0.4 times its 30-day average. The relative strength index was at 41.

One analysts tracking the company maintains a 'buy' rating on the stock, according to Bloomberg data.