State-owned Maharatna company Power Finance Corporation Ltd (PFC) has remained in focus after distributing four dividends in the ongoing financial year. Now, the company has scheduled a board meeting on March 12, where discussions will revolve around financial management strategies for the next fiscal year.
PFC’s Impressive Dividend Streak
PFC has consistently rewarded its investors, issuing four dividends this fiscal year. According to BSE data:
July: First ex-dividend trade, offering Rs 2.50 per share.
August: Second ex-dividend trade, with Rs 3.25 per share.
November: Third ex-dividend trade, providing Rs 3.50 per share.
February 28: Fourth ex-dividend trade, once again granted Rs 3.50 per share.
The Indian government remains the majority stakeholder, holding 56 per cent of the company’s shares, while Foreign Institutional Investors (FIIs) own 18.04 per cent. Public investors hold 8.8 per cent, and mutual funds have a 11.57 per cent stake.
Stock Performance in the Last Year
PFC’s stock, like many others, faced a downturn over the past year, experiencing a 6 per cent decline. However, investors received a boost as the stock jumped over 10 per cent in the last week. On Friday, PFC closed at Rs 401.25 on the BSE, signaling renewed investor confidence.
