An interim dividend of cash Rs. 4.50 has been announced by the Board of Directors of the CESC company at its meeting on 9th January, 2024, inter alai, have recommended the interim dividend of Rs. 4.50 per equity share (450%), subject to the approval of the shareholders.
This Stock has been distributing interim dividend along with final dividend since 2007.
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450% interim dividend stock Details:
| Stock Name | CESC Ltd |
| Sector | Utilities |
| Industry | Electric Utilities |
| Ex/EFF Date | 1st February, 2024 |
| Dividend Type | Interim |
| Dividend Type | CASH |
| Cash Amount | Rs. 4.50/Equity Share |
| Declaration date | 19th January, 2024 |
| Record Date | 01/02/2024 |
Financials of CESC
| Current Price | Rs. 138.00 on NSE |
| Current Price | Rs. 138.05 on BSE |
| 52 Weeks High | Rs. 145.50 |
| 52 Weeks Low | Rs. 62.25 |
| Lower Circuit | Rs. 110.45 |
| Upper Circuit | Rs. 165.65 |
| Market Cap | Rs. 18, 292.87 Crore |
CESC Share Return
| 1 Month Return | 15.82% |
| 3 Month Return | 62.07% |
| 6 Month Return | 84.49% |
| 1 Year Return | 85.98% |
| 5 Year Return | 102.94% |
CESC Dividend History
| Ex Date | Type | Cash Amount | Declaration Date | Record Date |
| 1.02.2024 | CASH | Rs. 4.50 | 19.01.2024 | 01/02/2024 |
| 24.02.2023 | CASH | Rs. 4.50 | 14/02/2023 | 24/02/203 |
| 24.01.2022 | CASH | Rs. 4.50 | ||
| 22.01.21 | CASH | Rs. 45 | ||
| 18.2.20 | CASH | Rs. 20 | ||
| 14.2.19 | CASH | Rs. 17.50 | ||
| 8.3.18 | CASH | Rs. 12 | ||
| 23.2.17 | CASH | Rs. 10 | ||
| 17.3.16 | CASH | Rs.10 | ||
| 22.7.15 | CASH | Rs. 9 | ||
| 18.6.14 | CASH | Rs. 8 | ||
| 10.7.13 | CASH | Rs. 7 | ||
| 11.7.12 | CASH | Rs. 5 | ||
| 14.7.11 | CASH | Rs. 4 | ||
| 8.7.2010 | CASH | Rs. 4 | ||
| 9.7.2009 | CASH | Rs. 4 | ||
| 17.07.2008 | CASH | Rs. 4 | ||
| 12.07.2007 | CASH | Rs. 3.50 | ||
| 6.07.2006 | CASH | Rs. 0 | ||
| 14.07.2005 | CASH | Rs. 0 |
Fundamentals of CESC Share Price:
Positive Points
- Mutual Funds’ holding up from 15.70% to 16.11% in the last quarter of 2023
- Revenue is up for the last 4 quarters with an average increase of 8.9% per quarter
- Price Rise: In the last 3 months, CESC stock has moved up by 62.1%
- Profit Spike: Net profit is up for the last 2 quarters with an average increase of 0.3% per quarter.
Negative Points
- FII Holdings: Foreign Institutions have decreased holdings from 13.12% to 11.94% in the last quarter of 2023
- Retail Investor Holding down: decreased from 14.68% to 14.49% in the last quarter of 2023
NO Effect:
- NHPC, peer competitor, has given 88.1% return, outperforming this stock
- Promoter Holdings: Remained unchanged at 52.11%
- TATA power has outperformed this stock by 227.2% after giving return of 335.6%
What is Interim Dividend?
A dividend payment made prior to the annual general meeting (AGM) and the public release of the company’s final financial statements is known as an interim dividend. The announced dividend is often presented alongside the interim financial statements of the corporation.
Here are some essential details regarding interim dividends:
- They are usually one of two dividends that a firm pays out to its shareholders on a semi-annual basis in order to provide them with money.
- Usually, the interim dividend is distributed prior to the annual general meeting (AGM) of the company and the publication of the final financial accounts.
- Following the publication of the final version of a company’s financial accounts, final dividends are distributed.
- The interim dividends are therefore paid from retained earnings, and final dividends are paid from current earnings.
- The Board of Directors of the company is in charge of issuing an interim dividend; nevertheless, shareholders have the final say over whether or not to approve it.
- Dividends may be paid out in stock or cash, both interim and final.
- In conclusion, firms can transfer a portion of their earnings to shareholders more frequently than once a year, usually semi-annually, by offering an interim dividend.
About CESC Share Company:
Calcutta Electric Supply Corporation, or CESC Limited, is an Indian firm that produces and distributes electricity1. It is the RP-Sanjiv Goenka Group’s flagship enterprise. Here are some essential facts concerning CESC Limited:
- Headquarters: Located in Kolkata, India is the company’s headquarters.
- Service Area: The city of Kolkata and a portion of the West Bengal states of Howrah, Hooghly, 24 Parganas (North), and 24 Parganas (South) districts make up the 567 square kilometre service area served by CESC. In Rajasthan, it also provides power distribution in Kota, Bikaner, and Bharatpur.
- Clientele: The organisation provides services to about 3.0 million individuals, encompassing residential, business, and industrial clients.
- Operations: With a combined power output of 1225 MW, CESC owns and runs four thermal power facilities. Additionally, it manages an 18 MW solar power project in Tamil Nadu’s Ramanathapuram.
- Revenue: The company brought in ₹12,550 crore (US$1.6 billion) in revenue as of 2022.
- In conclusion, millions of customers throughout India receive power generation and distribution services from CESC Limited, a fully integrated electrical utility corporation.
(Disclaimer: This post is for informational purpose. This not a buying recommendation. Always invest in share market at your own risk as Stock market investment is subject to market risk)
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