That’s why more than 70% of companies pay a dividend every year.

In the financial year ending 2022, Power Grid issued a special dividend for its shareholders. This special dividend was in addition to its regular dividend, taking the total dividend to Rs.14.8 per share. The total outlay resulted in a dividend yield of 7%, much higher than the five-year average of 4.1%. Much like its peers, the company enjoyed a stellar run in the financial year 2022.

stock market news today

Usually, Indian investors assign a higher value to high dividend-yield companies. That’s why more than 70% of companies pay a dividend every year. Emkay Global Financial Services conducted a channel check to gauge the volumes’ estimate for the month of July. However, Tractor volumes are likely to decline due to a high base and uneven spread of the monsoons. The brokerage firm has retained the positive view on the auto sector.

Buy Karur Vysya Bank; Target Of Rs 78: Emkay Global Financial

A Moneycontrol analysis of BSE 500 stocks showed only 17 stocks have given exceptional returns in last 1-year, 3-year and 5-year periods. We’d like to share more about how we work and what drives our day-to-day business. The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype. The technology sector is the laggard so far, as it is down 0.6%. Conversely, the energy sector is the session’s leader, with a gain of 1.4%.

  • “We are also beginning to see the impact of inflation on delivered electricity prices, which is helping solar + storage unit economics while grid reliability has become increasingly challenged.”
  • Gazprom states that the reason for the reduction is the result of the maintenance of gas turbines.
  • The fast pace of big rate hikes could “pitch this economy into a recession,” Warren told CNBC on Wednesday before the Fed raised rates again.
  • The energy technology company shipped 18% more microinverters and 10% more battery systems compared to the first quarter.
  • Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
  • 1 Unstoppable Dividend King You’ve Never Heard Of BJ Cook

    Enphase has acquired five companies over the past six quarters, allowing it to offer its installer partners a broader suite of solutions, such as lead-generation, design, permitting, Forex news and maintenance services. Moreover, Enphase is becoming more profitable as it scales its revenue base. Its adjusted gross margin improved to 42.2% from 41% in the first quarter.

    Us Fed Raises Rate By 75 Bps

    We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Of all the S&P 500 companies that reported earnings up until Friday, about 70% surpassed Street expectations, according to FactSet. Weaker-than-expected earnings and outlook from social media player Snap hung heavy on tech stocks on Friday. The Dow closed 0.43% lower on Friday, while the S&P 500 and the Nasdaq 100 ended the day with losses of 0.93% and 1.77%, respectively.

    stock market news today

    Among OEMs pack, they are positive on M&M, Tata Motors, Maruti Suzuki, Ashok Leyland and Escorts. A non-bank lender backed by Gautam Adani, Asia’s richest person, is planning to raise at least 15 billion rupees ($188 million) in an initial public offering in Mumbai that could take place as early as 2024. Adani Capital’s first-time share sale will offer about a 10% stake in the shadow bank and target a valuation of around $2 billion, Managing Director and Chief Executive Officer Gaurav Gupta said. Also in focus today was the Federal Reserve, which, as expected, raised interest rates by 75 basis points (a basis point is one-one hundredth of a percentage point). Wednesday was a busy, but successful, day for stocks, with today’s upside fueled by a well-received round of earnings and the latest Fed policy update. Despite posting lower-than-expected quarterly results, Alphabet and Microsoft stocks soared. The energy technology company shipped 18% more microinverters and 10% more battery systems compared to the first quarter.

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