PSA: PGINVIT Dividend Could Go Down to 9-10% on Next FY
Hi Everyone,
I could see lot of PGINVIT recommendations on the sub for the last few days. Many assume that the Rs.12 dividend is assured forever. For the last few years and current financial year, PGINVIT able to provide Rs.12 dividend per year.
During the last AGM call's Q&A session, the management confirmed that the dividend will go down to Rs.9-10 if there are no new assets are added within this FY. As PSU, they may not work hard like INDIGRID to add additional asset during this year as well. So, factor in the risk while you are buying the PGINVIT