After 1:4 Bonus Share, Multibagger PSU Stock To Go Ex-Dividend For Rs 4.5/Share Dividend

Shares of large cap power sector stock under the ownership of Power Ministry, Power Finance Corporation (PFC) are all set to trade ex-dividend on November 24, 2023 for 45% Interim Dividend. Board of Power Finance Corporation approved an interim dividend of Rs 4.5 per equity share on the face value of Rs 10/- each for the financial year 2023-24. The date of payment of aforementioned interim dividend is December 8,2023. The company fixed record date for interim dividend as November 27, 2023. Power Finance Corporation share BSE offered return of 139% in last 6-months and surged 217% in last 1-year. Check details below:

Power Finance Corporation Declares Interim Dividend: As per the BSE filing of the company dated November 8, 2023, "declaration of interim dividend @ 45% or Rs 4.5/- per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10/- each for the FY 2023-24."

Power Finance Corp Traded Ex-Bonus: Power Finance Corporation shares traded ex-bonus on September 21, 2023. Earlier it issued its regulatory filing stating, "This is to inform that in terms of Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015, the Company has fixed Thursday, the 21st day of September 2023 as the Record Date for the following purpose, subject to the approval of Members at the ensuing 37th Annual General Meeting of the Company scheduled to be held on September 12, 2023."

Power Finance Stock Performance & Return: Current market price of Power Finance stock is Rs 319.25 per share on BSE with intraday decline of 0.09%. Power Finance Corporation shares gained 165% year-to-date (YTD). Power Finance Corporation shares jumped 139% in last 6-months, soared 217% in last 1-year, rose 215% in last 2-years, and offered return of 284% in last 3-years. In last 5-years, PFC shares gained 300%. PFC share BSE offered attractive returns to its investors along with bonus share and dividend this year. Its 52-week high price is Rs 328.75 per share and 52-week low price is Rs 95.44 per share, respectively. PFC has a market capitalisation is Rs 1,05,339.25 crore.

Power Finance Corporation Quarterly Results: The state-run company on November 9 announced a jump of 27% in it consolidated net profit to Rs 6628.17 crore for the July-September period as against Rs 5,229.33 crore declared in the corresponding period of last year, stated the BSE filing. The company's total income jumped 22,403.69 crore for the quarter under consideration from Rs 19,344.39 crore in the similar period of last year.
Power Finance About: Incorporated on July 16th, 1986, Power Finance Corporation Ltd. is a Schedule-A Maharatna CPSE, and is a leading Non-Banking Financial Corporation in the Country. PFC's registered office is located at New Delhi and regional offices are located at Mumbai and Chennai, according to its official website.

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