NTPC pays final dividend of Rs 2,909 cr for FY22

New Delhi: Maharatna power PSU NTPC Limited has paid a final dividend of Rs 2,908.99 crore for 2021-22 to its shareholders. The final dividend is 30 percent of the paid-up equity share capital of the company, an official statement said on Monday.

With this, the total dividend paid for 2021-22 is Rs 6,787.67 crore, which is 42 percent of the PAT (profit after tax) for last fiscal year.

Despite the announcement, NTPC shares closed at Rs 166.20 apiece on Monday after opening at Rs 167.40.

Last year, the government introduced a new 'consistent dividend policy' under which public sector undertakings (PSUs) will be paying between two to four interim dividends in a financial year to ensure continuity of dividends for shareholders, along with an annual dividend. The move is aimed at maximising returns for investors.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)