Power Grid Corp of I Dividend yield

Power Grid Corp of I is part of Electricity business, which is part of Utilities industry. Power Grid Corp of I is a company from India, and his stocks are publicly traded.

Power Grid Corp of I stock dividend

Power Grid Corp of I paid a total dividend of 102,896 million INR last year, for a market value of 1,705,981 millions (Market Cap 768,262 millions). Power Grid Corp of I dividend per share is 14.75 INR, and his stock market price 244.55 INR.

According to the chart below, where dividend yield is displayed, Power Grid Corp of I has a dividend yield of 6.03%, which is higher than the amount offered by both the market average and companies from India. It is also bigger than average of Utilities industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Power Grid Corp of I stocks dividend with other Electricity companies or other of the high India dividend stocks list.

Power Grid Corp of I Dividend Payout

About the ability of Power Grid Corp of I to maintain his current dividend of INR 14.75 per share, an amount that accounts for 6.03%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Power Grid Corp of I payout on ernings is currently 66.35%, which is higher than the market average, and companies of Utilities industry, which are 39.34% and 60.08% respectively. Both figures show that Power Grid Corp of I can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Power Grid Corp of I is INR 41.45 per share, which is higher than the dividend per share paid by the company of INR 14.75, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Power Grid Corp of I, compared againt world market average, India companies, Utilities industry and Electricity sector companies.

Power Grid Corp of I Dividend History

Below you will find a table with the historical evolution of Power Grid Corp of I's dividend stock, both in percentage and in INR, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	INR	Paypout	Shares*
Present	6.03%	14.75	66.35%	6,976
2022	5.97%	12.76	52.55%	6,976
2021	4.89%	10.00	57.24%	6,976
2020	4.76%	9.04	42.38%	5,232
2019	4.38%	8.33	42.92%	5,232
2018	2.64%	5.24	32.98%	5,232
2017	2.17%	4.35	30.19%	5,232
2016	1.20%	2.30	19.78%	5,232
2015	1.47%	2.00	20.58%	5,232

*In millions

Then you can see the evolution of Power Grid Corp of I dividend stock, and compare it with the average of India stocks and that of the Electricity stocks.

Power Grid Corp of I Stock performance

Finally, last moth Power Grid Corp of I showed a return of -8.10% compared to a worldwide -2.49% average, and a -2.79% of Utilities firms. Over the last year, the company obtained a 6.50% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for India and Electricity firms.