Now Reading: PFC declares second interim dividend of Rs 4.10 per share
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PFC declares second interim dividend of Rs 4.10 per share
The Story in Brief
Power Finance Corporation (PFC) has announced a second interim dividend of Rs 4.10 per equity share for the financial year 2026-27. The board approved the dividend, which is 41% of the face value of Rs 10 per share, and is subject to tax deducted at source.
Shareholders must own the stock before the record date of Tuesday, 17 November 2026, to be eligible for the payout. The dividend is expected to be paid on or before 4 December 2026.
PFC shares closed 2.36% higher at Rs 329.50 on Thursday, 5 November 2026, extending gains for the third consecutive session. The stock has risen nearly 5% over the last three trading days and has delivered a 200% return over the past five years. The company's net profit for the September quarter of FY27 fell marginally by 2% year-on-year to Rs 7,681.51 crore.
Indian Opinion Analysis
The second interim dividend rewards shareholders even as PFC's net profit dipped 2% in the September quarter due to higher expenses. The record date of 17 November gives investors a clear window to buy in, while the payout by 4 December offers a near-term income event. The stock's 200% five-year return reflects long-term gains, though one-year and two-year returns are negative, leaving the near-term price trend unresolved. The next step is the dividend payment itself, scheduled within a month of the record date.
Source: livemint.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
