Investors may take a keen interest in Power Finance Corp. shares as it is the last to buy the stock to be eligible to receive dividend. The company declared June 13 to be the record date for the dividend on May 21, alongside announcing financial results for 2024–25.
As India follows the T+1 settlement system, anyone buying shares of Power Finance Corp. on June 13 will not be eligible to receive dividend.
On record date, companies determine the eligible shareholders for dividend. The ex-dividend day reflects the share price adjusted upcoming payout.
Power Finance Corp.’s board recommended a final dividend of Rs 2.05 per equity share, with a face value of Rs 10 for financial year 2025. This is subject to approval of shareholders in the upcoming annual general meeting. Once the amount is approved, shareholders will receive the dividend within a 30-day period.
Power Finance Corp. had announced an interim dividend of Rs 13.75 per equity share for the previous financial year. The amount was paid during the year in four tranches.
PFC Q4 Performance
Power Finance Corp.’s total income advanced 19.4% on the year to Rs 13,721.47 crore in the quarter ended March 31, 2025, compared to Rs 11,493.73 crore.
Its standalone net profit advanced 24% on the year to Rs 5,108.90 crore, compared to Rs 4,135.40 crore. This compares to the Rs 4,621-crore net profit estimated by analysts polled by Bloomberg.
. Read more on Markets by NDTV Profit.As India follows the T+1 settlement system, anyone buying shares of Power Finance Corp. on June 13 will not be eligible to receive dividend. Read MoreMarkets, Business, Notifications
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