News: Power Finance Corporation (PFC) is a famous government-backed company in India that helps fund power projects across the country.
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Great news for investors and PFC shareholders! The company’s board has decided to give out a 35% dividend for the financial year 2023-24. But what does this mean? Let’s make it simple:
Quick look at PFC’s recent dividend history:
November 2023: PFC gave an interim dividend of Rs 4.5 per share.
September 2023: Bonus issue of 1:4 for shareholders.
June 2023: Final dividend of Rs 4.5 per share.
In the October-December quarter, PFC reported a nearly 23% rise in consolidated net profit, reaching Rs 4,727.4 crore. The company’s revenue also increased by 20% year-on-year, totaling Rs 23,571.8 crore.
1. What is the dividend amount announced by PFC?
The dividend amount announced by PFC is ₹3.50 per equity share.
2. When is the dividend payout scheduled?
The dividend payout is scheduled for March 9, 2024.
3. Is PFC a financially strong company?
Yes, PFC is a financially strong company with a significant increase in consolidated net profit and revenue in the third quarter of fiscal year 2023-24.
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