Maharatna public sector undertaking (PSU) Power Finance Corporation Ltd (PFC) shares are set to trade ex-dividend next week. PFC share price witnessed gain of over 5% in last 1-week when BSE Sensex slipped 0.83% and bse financial services index surged marginally by 0.31%. Last trading price of Power Finance Corporation shares on Bombay Stock Exchange (BSE) stood at Rs 390.25 per share. The Board of PFC recommended 3rd interim dividend of Rs 3.50 per equity share of the face value of Rs 10/- each for the financial year 2024-25. The company fixed February 28, 2025 as the record date.
Meanwhile, the PSU has a market capitalisation of Rs 1,28,786.47 crore with return on equity stood at 19.06%. The scrip witnessed fall of 12.9% year-to-date (YTD) and offered stunning returns of 226.19% in last 2-years span. It is worth mentioning here that stake of Lici life non-par is 1.77% in PFC. On the other hand, FII/FPI increased holdings from 17.74% to 18.04% for the quarter ended December 2024.
PFC Shares Set To Trade Ex-Date
As per the regulatory filing of the state-run firm, “declaration of 3rd interim dividend @ Rs.3.50/-(Rupees Three Paisa Fifty only) per equity share (i.e. @ 35 %) (Subject to deduction of TDS) on the face value of the paid-up equity shares of Z10/- each for the FY 2024-25.” The company fixed 28.02.2025 (Friday) as the Record Date’ for the purpose of ascertaining the eligibility of shareholders for payment of 3rd Interim Dividend for the FY 2024-25, added the exchange filing.
How To Be Eligible For PFC Dividend?
Record date is significant in determining eligibility of shareholders for dividend. Shareholders whose name appear in firm’s record on the record date will be eligible for dividend. Record date is the date when the firm finalises list of shareholders qualified for the company’s dividend distribution. When it comes to PFC, , the record date has been fixed as February 28, 2025. Shareholders must have PFC shares in their demat account as on the record date.
Power Finance Corporation Dividend History
The PSU has declared 40 dividends since September 7, 2007. In last 1-year, PFC declared an equity dividend amounting to Rs 15.75 per share. The PSU shares offer a dividend yield of 4.21%, according to Trendlyne.
PFC Bonus Share History
It recommended 2 bonuses to its shareholders since August 26, 2016. Its last bonus share was declared in the proportion of 1:4 with ex-bonus date fixed as September 21, 2023.
PFC Share Performance In Last 5-Years
The 52-week high price of PFC stock on BSE stood at Rs 580.35 apiece (as on 12/07/2024) and 52-week low price is Rs 351.85 apiece (as on 20/03/2024), respectively. PFC shares slipped declined 24.30% in last 6-months, fell over 5% in last 1-year, and zoomed 311.48% in last 3-years, also its highest dividend in last 10-years.
Should You Buy PFC Shares?
ICICI Securities has buy call on Power Finance Corporation shares with target price of Rs 550 per share.
PFC Q3 Results
The company declared a surge of 23% in its consolidated net profit for the quarter ended December 31, 2024 at Rs 5829 crore, up 23% as against Rs 4727 crore reported in the corresponding period of last year. The company announced its revenue from operations at Rs 26,798 crore for Q3FY25, up 14% as compared to Rs 23,571 crore declared 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.
Disclaimer: The stock has been picked from the brokerage report of ICICI Securities. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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