1:4 Bonus Share: Multibagger Maharatna Power Finance Declares Dividend, Record Date Set

Large cap state-run Power Finance Corporation Ltd (PFC) shares settled with the gain of 0.60% to 432.40 per share on BSE. The PSU declared its 3rd interim dividend of Rs 3.00 per equity share of the face value of Rs 10/- each for the financial year 2023-24. The company revised the record date which is now March 22, 2024.

Power Finance Corporation shares zoomed 224% in last 1-year and soared 77% in last 6-months only. Check details below:

Power Finance Corporation Declares 3rd Interim Dividend: As per the regulatory filing of Power Finance Corporation dated March 11, 2024, "Board of Directors of Power Finance Corporation Ltd. in its meeting held today i.e. 11.03.2024 have inter alia considered and approved as follows:

Declaration of third interim dividend @Rs 3.00 (Rupee Three Only) per equity share (subject to deduction of TDS) on the face value of the paid-up equity of Rs 10/- each for the FY 2023-24. Further, it is to inform that 22nd March, 2024(Friday) shall be reckoned as the Record Date for the purpose of ascertaining the eligibility of shareholders for payment of third interim dividend for the FY 2023-24."

Power Finance Corporation Shares Performance & Return: The 52-week high price of Power Finance Corporation shares on BSE is Rs 477.80 apiece and 52-week low price is Rs 116.40 apiece, respectively. The company has a market capitalisation of Rs 1,42,696.40 crore. Power Finance Corporation has a PE of 19.89 and ROE of 15.00. Power Finance Corporation stock surged 11% in last 3-months, gained 380% in last 2-years, and soared 302% in last 3-years.

PFC Q3 Results: Large cap state-run PFC declared a surge of 23% year-on-year (YoY) in its consolidated net profit to Rs 4,727.4 crore for the October-December quarter as against Rs 3,860.25 crore in the corresponding quarter of last year. The company stated its revenue surged 20% YoY to Rs 23,571.8 crore as against Rs 19,639 crore in the similar quarter 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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