Tenaga Share Price 2023: TNB Payment Date History & Dividend Stock
What is the role of tnb in Malaysia? What is the tnb share price today? Tenaga Nasional Berhad (TNB) is the nation’s primary power supply and utility company, located in Malaysia. It was founded in 1990. The company provides, generates, and distributes electricity supplies throughout Malaysia. TNB is also a National Grid operator that serves as a supplier of electricity across the country.
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Hence, TNB plays a major role in empowering communities, greening the country by creating green energy, and setting standards in the electric and electronic industries as “Penggerak Kemajuan Negara”, or Powering the Nation.
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Tenaga Share Price History For The Last 5 Years
Tenaga Nasional Berhad (TNB) is not only providing electricity supply services to Peninsular Malaysia, Sabah, and Sarawak.
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TNB also carries out business and commercial activities to enhance the economy’s activities in Malaysia, including offering and encouraging consumers to buy and sell share stock.
The Malaysian Stock Exchange, Bursa Malaysia, has listed TNB as one of the companies offering shares and making dividend payouts to investors who have invested in TNB.
Here is the history of TNB share prices for the last 5 years;
|FINANCIAL YEAR END||SHARE PRICES / PER SHARE (RM)|
Is Tenaga A Good Dividend Stock
TNB declares its dividend every year to the shareholders that invested in the company. For the year 2023, the TNB declared a dividend of RM0.26 for every share acquired by the shareholders.
The current dividend yield paid by TNB is 4.64% on the current stock price of MYR9.87.
Meanwhile, based on last year’s record, TNB has declared a dividend payment of RM0.46 for each share acquired by the shareholders.
It shows the company did not generate enough earnings to pay its dividend payout, which is quite risky for the TNB to maintain its dividend contribution every year.
Thus, this will create worries for shareholders and investors about investing in the TNB.
In a nutshell, TNB does not really offer a great dividend stock to the shareholders, as it starts to decline over the years due to the poor company’s operation, performance, and development.
How To Check TNB Share Price Today
Every shareholder and investor might need to discover the performance of the company first before they can make a decision to invest in it.
The same goes for Tenaga Nasional Berhad (TNB). Shareholders might also need to keep updated on the share price of TNB if they invested in it.
The check can be made by the shareholders through the official website of TNB at https://www.tnb.com.my, as shown in Figure 1.0.
Every up and down in the share price will be illustrated in the graph and on this website.
The shareholders can refer to this website to keep track of the performance of the company from time to time.
How To Buy TNB Shares
Tenaga Nasional Berhad (TNB) is one of the public-listed companies that was established in Malaysia.
Therefore, TNB is listed and available on the Stock Exchange, Bursa Malaysia. Individuals, shareholders, and investors can buy the shares of TNB through the Bursa Malaysia website at https://www.bursamalaysia.com, as shown in Figure 2.0. Other than that, individuals can also purchase the shares through any stock trading application, such as XM Broker, OctaFX, and many more.
Hence, registration must be done first to create a CDM account for the shareholders before they can make a purchase of the shares.
What Is The Forescast For TNB Share Price
The share price of TNB is estimated to rise from time to time. It was forecast to rise by 14% over the year.
However, it depends fully on the performance and earnings of the company to operate the business operation by the year.
The current share price of TNB is RM9.91 and is targeted to rise to RM10.77 over the year.
What Is The Payout Ratio For Tenaga Dividends
As per the current report on TNB’s dividend, the current payout ratio of Tenaga Nasional Berhad’s dividend is 83.6%.
It is well covered by TNB’s earnings. By this means, TNB can still operate its business over the course of a year within the earnings retained by TNB.
Is Tenaga A Monopoly
A monopoly is an entity that is the sole seller of products and services for the entire country.
There are no close substitutes for the company. Other than that, the company has high influence and market power in its industry. Therefore, Tenaga Nasional Berhad (TNB) is a monopoly.
It is because the TNB is the sole company that provides and operates an electric utilities company in Malaysia that serves its products and services throughout Peninsular Malaysia, Sabah, and Sarawak.
In addition, there is no close substitute for TNB, which makes TNB to control over the industry.
How Much Is Tenaga Nasional Net Worth
Profitability of the company reflects the company’s performance over the course of the year.
The higher the profit of the company gained in a particular year, the better the performance of the company over that year.
For the year 2023, the net worth of TNB is RM327.9 million, which is declining compared to the last year, which was RM872.2 million.
How Does Tenaga Generate Electricity
Malaysians nowadays get their electricity supplies through TNB. TNB generates electricity for the entire community at the power plant using electromechanical generators.
It involves a gas-to-coal transition. The heat engines are fueled by nuclear fission to create steam, which indirectly moves the blades of the turbine. Hence, the turbin generators will convert the mechanical energy to electrical energy.
This electrical energy will be supplied to the community to provide electricity for their homes.
Why Tenaga Share Price Drop Today
The share price has dropped by 15% over the last 5 years of its latest operation. There are many factors that caused the share price of TNB to eventually decline.
The main reason for the decline in the share price is due to the regulatory issues faced by TNB.
The government has decided to extend the RP2 (second regulatory period) in which TNB needs to control and monitor its capital expenditure.
This is because it will affect the performance of the TNB and create risk in all forms towards the TNB, especially in terms of dividend distribution, return earnings, costs, and many more.
Therefore, an active measure needs to be discovered by the TNB to solve the declining price faced by the TNB over the years.