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

Shares of Power Finance Corporation (PFC) are expected to beryllium successful absorption connected Friday arsenic the institution approaches its ex-dividend day connected November 25. The interim dividend of Rs 3.5 per share, which was announced earlier this month, reflects a payout complaint of thirty-five per cent connected the look worth of Rs 10 per equity share.

In an speech filing, PFC stated, “The Board of Directors, successful its gathering held connected November 8, approved the declaration of a 2nd interim dividend of Rs 3.5 per equity stock for FY 2024-25, taxable to TDS deduction.”

The grounds day for the dividend eligibility is November 25, and the payout is scheduled to beryllium credited to shareholders by December 8. Following the implementation of the T+1 colony cycle, the grounds and ex-dates often coincide unless intervened by a marketplace holiday.

To suffice for the dividend, investors request to acquisition shares astatine slightest 1 trading time earlier the ex-date, arsenic purchases made connected the ex-date volition not transportation dividend eligibility.

Dividend highlights

In the past 12 months, PFC has distributed dividends totalling Rs 16.75 per share, translating to a dividend output of 3.68 per cent astatine its existent stock terms of Rs 455.40, according to Trendlyne data.

Ex-dividend buzz: different stocks successful focus

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

With accordant dividend payouts and beardown yields, PFC continues to pull capitalist involvement arsenic a reliable dividend stock.