Rs 3.50/Share Dividend: Maharatna PSU Declares 23% Growth In Net, Record Date Fixed

Large cap state-run Power Finance Corporation (PFC) shares witnessed marginal decline of 0.13% on BSE today even after the company declared a surge of 23% year-on-year (YoY) in 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. Board of PFC also declared an interim dividend of Rs 3.50/- per equity share for the financial year 2023-24. The company fixed February 20, 2024 as the record date. Check details below:

Power Finance Corporation (PFC) Declares 2nd Interim Dividend: As per the BSE filing of the company dated Feb 8, 2024, "Declaration of second interim dividend @35% Rs 3.50/- (Rupees Three paisa Fifty only) per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of 10/- each for the FY 2023-24."

Power Finance Corporation Sets Record Date For Interim Dividend: The company stated in its regulatory filing, "Further, it is to inform that 20.02.2024 (Tuesday) shall be reckoned as the 'Record Date for the purpose of ascertaining the eligibility of shareholders for payment of second Interim Dividend for the FY 2023-24." The date of payment /dispatch of the aforesaid interim dividend shall be on or before 09.03.2024.

Power Finance Corporation Stock Performance & Return: Last trading price of Power Finance Corporation shares on BSE is Rs 468.45 apiece with marginal intraday fall of 0.13%. PFC shares hit fresh 52-week high today. The company has a market capitalisation of Rs 1,54,593.27 crore. Power Finance Corporation shares rallied 119% in last 6-months and soared 309% in last 1-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.

Disclaimer:

The stock just highlights Q3 results, dividend, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.