CG Power and Industrial Solutions has made an exciting announcement regarding its dividend policy, which is sure to catch the attention of investors. On March 18, 2025, during the market hours, the company revealed that its board has approved an interim dividend of ₹1.30 per equity share, translating to a substantial 65% on the nominal value of ₹2 per share for the fiscal year 2024-25.
Board Meeting Highlights
Prior to this announcement, CG Power had communicated on March 11 that its board would convene on March 18 to discuss the interim dividend. The outcome was positive, as the board confirmed their decision to distribute ₹1.30 as an interim dividend. In their official exchange filing, CG Power stated, "The board of directors of the company at its meeting held today, i.e., 18th March 2025, have considered and approved the payment of an interim dividend at ₹1.30 per equity share."
Share Price Reaction
Following this news, CG Power’s shares experienced a boost, climbing by approximately 3% during intraday trading on the BSE on the same day. This uptick reflects investor confidence and optimism surrounding the company’s financial health and dividend strategy.
Important Dates for Investors
For those looking to benefit from this dividend, CG Power has set March 22 as the record date. Shareholders on this date will be eligible to receive the dividend, which will be disbursed on or after April 16, 2025. As stated in their announcement: "The interim dividend will be paid on or after 16th April, 2025, but within 30 days from the declaration of interim dividend."
Historical Context of Dividends
CG Power has a history of rewarding its shareholders with dividends. The last interim dividend was also ₹1.30 per share, announced earlier on February 5, 2024. Prior to that, the company issued an interim dividend of ₹1.50 per share on March 15, 2023. Notably, CG Power had also offered interim dividends of ₹0.40 each back in 2014 and 2015.
Outstanding Stock Performance
CG Power’s stock performance has been nothing short of remarkable. Over the past five years, the stock has yielded an astonishing 10,636% return. In the last three years alone, it has surged by 265%, with a notable 30% increase over the past year. The stock reached its peak at ₹874.50 on October 11, after experiencing a low of ₹462.45 on March 18 of the previous year.
For more insights on market trends and investment opportunities, keep reading our latest updates.
Note: For a deeper dive into stock performances and investment strategies, explore our resources and engage with our community.
