Good news for those investing in the stock market!
If you invest in the stock market, especially in government companies, then this news is special for you. A government company has announced a huge dividend. Actually, we are talking about, government company Power Finance Corporation (PFC) said on wednesday that its board has approved a borrowing plan of Rs 1,40,000 crore for 2025-26. Also, the board has also approved the fourth interim dividend of Rs 3.50 per share for 2024-25.
What happened in the board meeting?
In the board meeting held on march 12, 2025, the Board of Directors of PFC approved a borrowing plan of Rs 1,40,000 crore for 2025-26. Apart from this, it was also decided to give a fourth interim dividend of Rs 3.50 per equity share (with a face value of Rs 10) for 2024-25. This dividend will be subject to TDS deduction. The record date of the dividend has been fixed as march 19, 2025, while the dividend will be paid on or before april 11, 2025.
Preparation to change the name of the company
Apart from this, the board has also approved a proposal to change the name of the company. Now the name of PFC can be changed from "Power Finance Corporation Limited" to "PFC Limited" or any other name, which gets the approval of the Registrar of Companies (RoC). For this, changes will be made in the Memorandum and Articles of Association of the company, for which approval of shareholders, reserve bank of india (RBI), stock exchange and other officials will be required.
PFC Dividend History
PFC declared its fourth interim dividend for the financial year 2024-25 on march 12, 2025. Earlier, the company had declared an interim dividend of Rs 3.50 per share (35 per cent) on february 28, 2025. In 2024-25, PFC has declared a total dividend of Rs 12.75, with a dividend yield of around 3.45 per cent. Earlier, PFC had declared interim dividends of Rs 3.50 per share on november 25, 2024 and Rs 3.25 per share on august 30, 2024. On July 26, 2024, the company also declared a final dividend of Rs 2.50 per share for 2023-24.
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