Shares of Tata Power Co. will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
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Tata Power's board announced a final dividend of Rs 2.25 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 20.
The total value of the dividend to be disbursed amounts to around Rs 718 crore. Retail investors who own up to 24.16% stake will receive a sum total of Rs 174 crore.
The company in its 106th annual general meeting on July 4 will approve the dividend.
Given India's T+1 settlement cycle, shares purchased on the record date (June 20 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 19 will be the beneficiaries.
In comparison, the company had issued a dividend of Rs 2 in financial year 2024 and fiscal 2023.
Tata Power reported a 17% increase in consolidated net profit for the fourth quarter of fiscal 2025 at Rs 1,043 crore for the quarter ended March 31, 2025. This was in line with the Rs 1,026-crore forecast by analysts monitored by Bloomberg. Revenue for the quarter under review rose 7.9% to Rs 17,094 crore.
Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 39.2% year-on-year to Rs 3,245.6 crore. The Ebitda margin expanded to 19%.
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