GE Vernova T&D India Ltd. has announced a significant 500% final dividend recommendation for its shareholders, equating to Rs 10 per share on a face value of Rs 2. This announcement comes after the company's stock demonstrated robust performance, climbing over 160% in the past year alone.
The power transmission company's board made the recommendation following the release of its financial results for the quarter and year ended March 31, 2026. The proposed dividend is subject to approval at the upcoming annual general meeting (AGM).
Dividend Details and Record Date
For investors interested in the GE Vernova dividend, the company has fixed August 21, 2026, as the record date. If shareholders give their consent at the AGM, the dividend will be paid out or dispatched within 30 days from the date of approval. This substantial payout reflects the company's financial health and commitment to returning value to its investors.
The company's shares have been on a remarkable trajectory. On a recent Wednesday, the stock jumped over 9%, hitting an intraday high of Rs 4,800 apiece on the BSE. The current market price stands around Rs 4707.50, underscoring the strong investor confidence in GE Vernova T&D India.
Historical Dividend Payouts
GE Vernova T&D India has a history of consistent dividend distributions. In previous years, the company paid a final dividend of Rs 5 per share on August 22, 2025, and Rs 2 per share on August 28, 2024. Going further back, shareholders received Rs 1.80 per share in both July 2019 and July 2018.
This latest 500% dividend recommendation represents a significant increase, highlighting the company's strong financial performance and its intention to reward shareholders for their investment amidst a period of considerable stock growth.