PFC to trade ex-dividend on November 25 for Rs 3.5 interim payout

Shares of Power Finance Corporation (PFC) are expected to be in focus on Friday as the company approaches its ex-dividend date on November 25. The interim dividend of Rs 3.5 per share, which was announced earlier this month, reflects a payout rate of thirty-five per cent on the face value of Rs 10 per equity share.

In an exchange filing, PFC stated, “The Board of Directors, in its meeting held on November 8, approved the declaration of a second interim dividend of Rs 3.5 per equity share for FY 2024-25, subject to TDS deduction.”

The record date for the dividend eligibility is November 25, and the payout is scheduled to be credited to shareholders by December 8. Following the implementation of the T+1 settlement cycle, the record and ex-dates often coincide unless intervened by a market holiday.

To qualify for the dividend, investors need to purchase shares at least one trading day before the ex-date, as purchases made on the ex-date will not carry dividend eligibility.

Dividend highlights

In the last 12 months, PFC has distributed dividends totalling Rs 16.75 per share, translating to a dividend yield of 3.68 per cent at its current share price of Rs 455.40, according to Trendlyne data.

Ex-dividend buzz: other stocks in focus

• Balrampur Chini Mills: Rs 3 per share
• EPL Ltd: Rs 2.5 per share
• Ipca Laboratories: Rs 3.5 per share

With consistent dividend payouts and strong yields, PFC continues to attract investor interest as a reliable dividend stock.