PFC dividend 2024: Maharatna PSU firm to meet today to consider payout

PFC board meeting today, PFC dividend 2024: State-owned Power Finance Corporation's board of directors is scheduled to meet today, March 11, Monday, to consider the proposal for the declaration of its third interim dividend, if any, for the financial year 2023-24.

PFC board meeting today

"This is to inform that a meeting of the Board of Directors of Power Finance Corporation Limited is scheduled to be held on Monday, March I I, 2024 inter alia to consider the proposal for declaration of 3rd Interim Dividend, if any, for the financial year 2023-24," Power Finace Corporation said in a regulatory filing on March 6.

PFC dividend history

The Schedule-A Maharatna CPSE has declared an equity dividend amounting to Rs 12.5 per share in the past 12 months, according to equity research portal Trendlyne.

PFC shares: Past performance

The stock has rewarded investors with a multi-bagger return of 220 per cent, outperforming benchmark index NIfty 50, which has rallied nearly 27 per cent in the last 12 months.

The stock has zoomed nearly 400 per cent in the last five years. The company's market capitalisation stood at Rs 1,42,23,438.59, as per data available on NSE.

How did the company fare in Q3?

PFC posted an over 20 per cent rise in its consolidated net profit to Rs 6,294.44 crore in the December quarter, on the back of higher revenues. Total income in the quarter rose to Rs 23,593.40 crore from Rs 19,662.65 crore in the same period a year ago.

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