1:4 Bonus Issue, Rs 4.5/Share Dividend: Multibagger Maharatna PSU To Mull Dividend Again

Board of Directors of Power Finance Corporation Ltd., Schedule-A Maharatna CPSE, are scheduled hold a meeting today to consider and approve unaudited financial results (standalone & consolidated) of the Company for the quarter ended December 31, 2024. Power Finance Corporation issued an update on February 5 stating that the Board will also consider interim dividend proposal. Earlier, Power Finance Corporation announced an interim dividend of Rs 4.5 per equity share on the face value of Rs 10/- each for Q2. It fixed record date for interim dividend as November 27, 2023. The company also declared 1:4 bonus issue and the ex-bonus date was September 21, 2023.

PFC To Consider Interim Dividend Today: The company on February 5, 2024 issued an update on Board meeting stating, "Power Finance Corporation Ltd informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/02/2024, inter alia, to consider and approve proposal relating to declaration of Interim dividend, if any, for FY 2023-24." Earlier on February 2, the state-run company informed about its upcoming meeting of Board to be held today to consider declaration of Q3 and 9 months financial results.

PFC Stock Performance & Return: Current market price of Power Finance Corporation shares on BSE is Rs 467.65 apiece with marginal intraday decline of 0.30%. Despite decline, PFC shares traded fresh 52-week high today. Its market capitalisation is Rs 1,54,098.25 crore. Power Finance Corporation shares rallied 119% in last 6-months and soared 309% in last 1-year.

PFC Inks MoU With Gujarat Government: The agreement has been inked in Gandhinagar and seeks to emphasise on offering strong financial assistance, worth Rs 25,000 crore, for the state's ambitious generation, transmission, and distribution projects.

"Under the terms of the MoU, the envisaged financial assistance stands at an impressive Rs 25,000 crore, dedicated to powering up various projects across Gujarat," according to the Ministry of Power.

"Apart from facilitating the expansion of power infrastructure, the MoU shall inter-alia also help creating employment generation to the tune of 10,000 in the state of Gujarat," the ministry added.

PFC Dividend In Q2: Earlier last year, Board of Power Finance Corporation approved an interim dividend of Rs 4.5 per equity share on the face value of Rs 10/- each for the financial year 2023-24. The date of payment of aforementioned interim dividend is December 8,2023. The company fixed record date for interim dividend as November 27, 2023.

Power Finance Corp Bonus Issue In 2023: Power Finance Corporation shares traded ex-bonus on September 21, 2023. Earlier it issued its regulatory filing stating, "This is to inform that in terms of Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015, the Company has fixed Thursday, the 21st day of September 2023 as the Record Date for the following purpose, subject to the approval of Members at the ensuing 37th Annual General Meeting of the Company scheduled to be held on September 12, 2023."

Power Finance Corporation Quarterly Results: The state-run company on November 9 announced a jump of 27% in it consolidated net profit to Rs 6628.17 crore for the July-September period as against Rs 5,229.33 crore declared in the corresponding period of last year, stated the BSE filing. The company's total income jumped 22,403.69 crore for the quarter under consideration from Rs 19,344.39 crore in the similar period of last year.

Power Finance About: Incorporated on July 16th, 1986, Power Finance Corporation Ltd. is a Schedule-A Maharatna CPSE, and is a leading Non-Banking Financial Corporation in the Country. PFC's registered office is located at New Delhi and regional offices are located at Mumbai and Chennai, according to its official website.

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