“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 market holiday after the ex-date.
Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends.
In the past 12 months, PFC has declared equity dividends amounting to Rs 16.75 per share and at a share price of Rs 455.40, the company’s dividend yield is 3.68%, according to the Trendlyne data.
Below is a list of other stocks that will start trading ex-dividend from Monday, according to the StockEdge data:
Balrampur Chini Mills had declared a dividend of Rs 3 per share.
EPL Ltd had declared a dividend of Rs 2.5 per share.
Ipca Laboratories had declared a dividend of Rs 3.5 per share.
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