Key Points
New Delhi: State-run Power Finance Corp. Ltd (PFC) has so far paid an interim dividend of 2,033 crore for FY24..
A company statement said that on Wednesday it paid 554 crore to the government as the third interim dividend on equity shares held by the Union government for the recently ended fiscal..
This is in addition to 832 crore and 647 crore paid as first and second interim dividend, respectively, to the government..
The third interim dividend at 30% 3 per equity share of face value 10 eachwas declared by the board of directors in its meeting held on 11 March 2024..
With this, PFC has so far paid interim dividends amounting to 3,630 crore to its shareholders @110% i.e. 11 per equity share of the face value of 10 each for the financial year 2023-24, which is the highest ever interim dividend paid by PFC," the statement said..
You might be interested in
Dividend 2024: Shares of CESC, Route Mobile, Havells India, Puravankara, 3 others to trade ex-dividend today
01, Feb, 24CESC has declared an interim dividend of ₹4.50 per equity share, Route Mobile has declared an interim dividend of ₹3.00 per equity share
Dividend stocks: SBI Cards, REC, CRISIL among 9 stocks to trade ex-dividend today
28, Mar, 24SBI Cards and Payment Services has declared an interim dividend of ₹2.50 per equity share, REC has declared an interim dividend of ₹4.50 per equity share
Stocks to Watch: Adani Enterprises, RIL, Tata Power, Vedanta, IDBI Bank, NTPC
29, Mar, 23Indian markets recorded a broad-based selloff on Tuesday as the focus shifted toward the upcoming RBI policy. Smallcap stocks continue to see a downward slope, while auto and IT stocks extended their losses. Also, bears held the grip of the market amidst a drop in investors' risk appetite and FY23 tax harvesting
Dividend stocks: Hindustan Zinc, IRB Infra, Coforge among 5 stocks to trade ex-dividend today
15, May, 24Hindustan Zinc has declared an interim dividend of ₹10.00 per equity share, IRB Infrastructure Developers has declared an interim dividend of ₹0.10 per equity share
Govt gets 33.44% stake in Vodafone Idea post equity allocation
05, Dec, 23India Business News: Debt-ridden telecom operator Vodafone Idea on Tuesday approved the allotment of equity shares worth Rs 16,133 crore to the government, which post-allo
Muthoot Finance announces interim dividend of Rs 22 per share
06, Apr, 23Kerala-based gold loan major Muthoot Finance on Thursday declared an interim dividend of 220%, Rs 22 per equity share of face value of Rs 10, for the financial year 2022-23.
Surplus CPSE dividend unlikely to offset disinvestment revenue shortfall in FY24
24, Nov, 23The Indian government may face a disinvestment shortfall in FY24 due to potential delays in the strategic sale of IDBI Bank, possibly spilling into FY25. While surplus dividends from Central Public Sector Enterprises (CPSEs) might not fully compensate for the anticipated shortfall, the government is considering revising its combined disinvestment and dividend target of Rs 94,000 crore.
Hindustan Zinc dividend: Vedanta to earn ₹7,132 crore, LIC to get ₹296 crore
22, Mar, 23Hindustan Zinc has announced ₹26 per share interim dividend to its eligible shareholders