PFC to trade ex-dividend from Monday. Last day to buy shares for eligibility
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Shares of PFC are likely to remain in focus today as the company is nearing its ex-date, i.e, November 25 for the purpose of its interim dividend of Rs 3.5 per share, which was declared earlier this month. “We would like to inform you that, the Board of Directors of Power Finance Corporation Ltd. in its meeting held today i.e. 08. 11.2024 have inter alia considered and approved the following: Declaration of 2nd interim dividend @ Rs.3.50/-(Rupees Three and fifty paisa only) per equity share (i.e. @ 35%) (subject to deduction of TDS) on the face value of the paid-up equity shares of {10/- each for the FY 2024-25,” said the company in a filing to the exchanges. The company had fixed November 25 as the record date for the purpose and announced that the said dividend will be paid to the shareholders on or before December 8. After implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a mark...