Large cap state-run Power Finance Corporation Ltd (PFC) shares on February 12, 2025 witnessed decline of 0.56% on Bombay Stock Exchange (BSE) to settle at Rs 373.30 per share. Meanwhile, Board of Directors of the PSU recommended the 3rd interim dividend of Rs 3.50 per equity share of the face value of Rs 10/- each for the FY 2024-25. The record date for the interim dividend has been confirmed as February 28, 2025 i.e. Friday.
Meanwhile, the market capitalisation of the state-backed firm stood at Rs 1,23,192.80 crore, according to BSE. Power Finance Corporation shares recorded steep decline of 9.49% in last 1-week and offered return of 220.15% in last 2-years. The PSU offers a return of equity (ROE) at 19.06%. It is worth mentioning here that FII/FPI increased holdings from 17.74% to 18.04% for the quarter ended December 2024. The stake of Lici life non-par stood at 1.77%. Check more details below:
Power Finance Corporation Recommends Dividend
According to the regulatory filing of the large cap PSU, “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.”
PFC Issues Record Date For Interim Dividend
The exchange filing of the PSU added, “further, it is to inform that 28.02.2025 (Friday) shall be reckoned as the Record Date’ for the purpose of ascertaining the eligibility of shareholders for payment of 3rd Interim Dividend for the FY 2024-25.”
Power Finance Corporation Dividend History
The PSU has recommended a total of 40 dividends since September 7, 2007. In last 1-year, it announced an equity dividend amounting to Rs 15.75 per share for its shareholders. If the last trading price of Rs 373.30 is taken into consideration, it offers a dividend yield of 4.21%, according to Trendlyne.
PFC Bonus Share History
It offered a total of 2 bonuses to its shareholders since August 26, 2016. Its last bonus issue 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 over 16% in year-to-date (YTD), tumbled 24.79% in last 6-months period, and continued its decline momentum in last 1-year as shares fell 11.98% during this period. In last 3-years, the stock offered return of 284.53% and gained more than 268% in last 5-years.
Should You Buy PFC Shares After Q3 Results, Dividend Announcement?
According to A R Ramachandran, SEBI registered Independent research analyst, “PFC stock price is slightly bullish on the Daily charts with strong support at 362. A Daily close above resistance of 400 could lead to a target of 446 in the near term.”
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.
How To Be Eligible For PFC Dividend?
Record date plays key role in deciding shareholders’ eligibility for dividend. Shareholders whose name reflects in company’s record on the record date will become 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. Therefore, shareholders must buy PFC shares (only after taking SEBI’s registered advisor’s advice) before the record date to receive dividend.
Power Finance About
It came into existence on July 16th, 1986. It is a Schedule-A Maharatna CPSE, and is a leading Non-Banking Financial Corporation in India. The PSU’s registered office is situated in New Delhi and regional offices are located at Mumbai and Chennai, as per its official website.
Disclaimer: The stock has been picked from the brokerage report of AR Ramchandran. 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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