Power Finance Corporation (PFC), a government-owned financial institution, has announced good news for its investors. The company has declared a third interim dividend for the current fiscal year 2024-25, directly benefiting its investors.
Business News: Power Finance Corporation (PFC), a government-owned financial institution, has announced good news for its investors. The company has declared a third interim dividend for the fiscal year 2024-25, directly benefiting investors. If you are a PFC investor, learn how long you have to avail this dividend and when the money will reach your account.
Important Dividend Dates
PFC announced through its exchange filing that a dividend of ₹3.50 per share will be paid for every share with a face value of ₹10. The company has set February 28, 2025, as the record date. This means that you will receive the dividend based on the number of PFC shares held in your Demat account until February 27. However, if you purchase shares on February 28, you will not benefit as the company's shares will trade ex-dividend on that day.
When will the dividend be paid?
PFC has stated that the dividend amount will reach investors' bank accounts on or before March 11, 2025. However, despite the dividend announcement, a slight decrease in PFC's share price has been observed. On Friday, PFC's shares closed at ₹390.25 on the BSE, down ₹1.40 (0.36%). The share price was ₹391.65 on Thursday. The company's shares are currently trading significantly below their 52-week high of ₹580.35. On the other hand, its 52-week low is ₹351.85.
Is it a buying opportunity for investors?
According to experts, PFC's b dividend record and financial performance make it an attractive option for long-term investors. However, considering the recent decline, investors should monitor market trends. If you are a PFC shareholder, verify your investment status by February 27 to fully benefit from this dividend.
