Power Finance Corporation Shares 4th Dividend of Rs 3.50
Power Finance Corporation (PFC), a leading public sector undertaking, has announced its fourth interim dividend for the financial year 2024-25, offering investors a dividend of Rs 3.50 per share. This marks the fourth time PFC has declared an interim dividend this financial year, reflecting the corporation’s strong financial performance and commitment to rewarding shareholders.
According to a filing with the stock exchange, PFC’s board met to review and approve the dividend proposal, declaring a 35% interim dividend, which amounts to Rs 3.50 for each equity share of Rs 10 face value. The announcement highlights the company’s consistent track record of delivering value to its investors.The dividend will be payable to shareholders whose names appear on the company’s records as of the record date, which has been fixed for March 19, 2025. This date will determine which shareholders are eligible for the dividend distribution. Following this, the payment of the dividend will be made before April 11, 2025, as confirmed by the company.
PFC’s decision to pay out a substantial interim dividend reflects its robust financial health and operational success. In recent years, PFC has been a key player in India’s power sector, financing power generation and distribution infrastructure, and contributing to the country’s energy transition.The announcement of the dividend comes as the corporation continues to focus on expanding its financial portfolio and supporting projects aligned with the government’s energy goals.
This move aims to ensure that the benefits of the corporation’s success are passed on to its loyal shareholders, providing a steady stream of income and boosting investor confidence.The interim dividend is part of PFC’s ongoing strategy to maintain strong investor relations and demonstrate the sustainability of its profits. By continuing to distribute regular dividends, the company remains a preferred choice for income-seeking investors, while also focusing on the growth and expansion of its operations.
