PFC dividend 2024: NBFC PSU announces payout; check out details

PFC dividend 2024: Power Finance Corporation (PFC) on Wednesday, May 15 announced a final dividend of Rs 2.5 per share with a face value of the paid-up equity shares of Rs 10 per share each for the FY 2023-24 subject to approval of shareholders in the ensuing Annual General Meeting (AGM).

With this, the total dividend for FY24 would be Rs 13.50 per share.

PFC dividend history 

Power Finance Corporation has declared 37 dividends since Sept. 7, 2007.
In the past 12 months, Power Finance Corporation Ltd. has declared an equity dividend amounting to ₹15.50 per share.

PFC dividend yield

At current levels, Power Finance Corporation has a dividend yield of 3.55 per cent. Adjusting for bonus/splits the dividend yield is 3.35 per cent, as per data available on Trendlyne.

PFC Q4 results 2024 

PFC posted over 23 per cent rise in consolidated net profit at Rs 7,556.43 crore for March quarter FY24 on account of growth in loan portfolio. It had clocked Rs 6,128.63 crore profit from "continuing and discontinued operations" during the fourth quarter of last fiscal, the company said in an exchange filing.

Total income rose to Rs 24,176.34 crore from Rs 20,074.11 crore in January-March FY23. Expenses were at Rs 14,579.16 crore as against Rs 12,312.29 crore a year ago. The company logged the highest annual profit of Rs 26,461 crore in FY24, up 25 per cent from Rs 21,179 crore in FY23. Its consolidated loan asset book increased to Rs 9,90,824 crore as on March 31, 2024, up from Rs 8,57,500 crore a year ago.

PFC's consolidated net worth (including non-controlling interest) increased 20 per cent from Rs 1,11,981 crore as on March 31, 2023 to Rs 1,34,289 crore as on March 31 this year. The company's total balance sheet size crossed Rs 10 lakh crore in FY24. Read more PFC Q4 results 2024

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