NTPC the state run thermal power giant paid a dividend of totally Rs.3,133.27 for the year 2010-11. The dividend was a total of 38% of its paid up capital. As per the annual general meeting held by the company on 20th September the shareholders have been approved to get a dividend of 8% which amounted for Rs.659.64 crores.
Earlier this year the company had paid Rs.2090.21 crores to the government as a interim dividend in the month of February. As per the company they have paid Rs.557.39 crores to the government for the 2010-11. However the cumulative dividend paid by the company for the last fiscal year stands at Rs.2647.60 crores. This is the 18th consecutive year NTPC has paid dividend to its shareholders.
Over the Index the stock has not performed that bad compared to the other players in the market with the increasing financial instability. The stock has come down from its highs of Rs.187 to close at Rs.167.25 in the last quarter. On Friday the stock was down by 0.50% to close at Rs.167.25. The company is contemplating a long term offtake for coal from some of the foreign coal companies in order to meet the target of coal for its operations. With its expansion plans and increase in operations NTPC requires immediate supply of coal for which the company wishes to acquire some coal assets too which are already in production. NTPC also plans to add about 4,500 MW of fresh generation capacity by the nest year and increase it by another 5000 MW over the next 10 years.
Bell the bull says: With the company’s performance and track record of paying dividendsGoogle+