Dividend: Premier Energies Bags Rs 1234 Cr Order, Shares Fall

Premier Energies Ltd shares slipped 0.96% in early morning trade today on Bombay Stock Exchange (BSE) despite winning Rs 1234 crore orders from existing customers. Last trading price of Premier Energies share on BSE stood at Rs 991.70 per share. The company has a market capitalisation of Rs 44,536.51 crore. Its return on equity (RoE) stood at 3.01%. Meanwhile, the scrip declined 25.61% year-to-date (YTD) and gained 1.54% in last 3months. Shares of the company will trade ex-dividend today. Check more details below:

Premier Energies Bags Order

According to the regulatory filing of the company dated February 14, 2024, “In accordance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Premier Energies Photovoltaic Private Limited a subsidiary of Premier Energies Limited, have received and accepted orders aggregating to INR 1234 Crore from existing customers for supply of solar modules. The supply of these modules is scheduled to commences from April 2025.”

Premier Energies Shares To Go Ex-Date Today

The company in its exchange filing dated February 3, 2025 stated, “Board of Directors in its aforesaid meeting decided, inter alia, to pay interim dividend at the rate of 50% (50 Paisa Per share) on the face value of paid-up equity shares of Rs. 1/- each for the financial year 2024-25.”

The company set Friday 14th February, 2025 as the “RECORD DATE” for the purpose of ascertaining the eligibility of the shareholders for payment of the interim dividend. The interim dividend will be paid within 30 days from the date of its declaration.

Premier Energies Shares Performance

The 52-week high price of Premier Energies shares on BSE stood at Rs 1387.10 per share (as on 17/12/2024) and 52-week low price is Rs 801.60 per share (as on 03/09/2024), respectively. Premier Energies shares fell 4.38% in last 1-week, tumbled 11.14% in last 1-month, and fell 25.61% year-to-date (YTD).

Premier Energies Dividend Yield

Premier Energies recommended dividend once so far. In last 1-year, Premier Energies recommended an equity dividend amounting to Re 0.50 per share. At the current share price of Rs 981.10, Premier Energies offers a dividend yield of 0.05%.

Shareholding

FII/FPI reduced holdings from 3.08% to 2.31% in December 2024 quarter. Number of FII/FPI investors fell from 109 to 110 for December 2024 quarter. Mutual Funds have increased holdings from 4.22% to 5.16% in December 2024 quarter. Institutional Investors increased holdings from 9.79% to 10.26% in December 2024 quarter, according to Trendlyne.

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