PFC Dividend: Earning opportunity for investors, the company is giving the gift of dividend..

Apart from stocks and IPOs, dividends are also a good opportunity to earn in the stock market. The dividend is a gift that the company gives to its shareholders. The benefit of dividends is available to those stockholders whose shares remain in their Demat Account for a fixed period.

On November 25, 2024 (Monday), investors will keep an eye on the shares of power sector company Power Finance Corporation (PFC). The shares of the company will trade on ex-dividend. If you also have stocks of the company, then definitely know how much dividend the company is giving.

PFC announces dividend

According to the information received from the stock exchange filing, PFC is giving an interim dividend of Rs 3.50 per share to its shareholders. This dividend is being given on shares of a face value of Rs 10. The record date for the dividend has been fixed as November 25, 2024. This means that only those shareholders who have shares in their demat account till November 25 will get the dividend. The company told the stock market that it would credit the dividend on December 8, 2024.

Will you get the benefit of a dividend

Now the question arises whether the investors who buy shares on November 25 will get the dividend. The answer is 'no'. According to the rules, to get the benefit of a dividend, the investor has to buy shares one day before the ex-trade date. Due to the implementation of the T+1 framework in the market, the ex-dividend date and record date of almost all the shares remain the same.

When was the dividend given (PFC Dividend History)

According to the website of Bombay Stock Exchange (BSE), PFC has also given dividends to investors in the past. According to the BSE website-

Date                       How much dividend (per share)

30 August 2024     3.25 rupees

27 July 2024          2.5 rupees

22 March 2024       3 rupees

20 February 2024  3 rupees

Share Status (PFC Share Price)

On 22 November 2024, PFC shares closed at Rs 477.90 with a gain of 5.32 percent. On the other hand, if we talk about the performance of the stock, the stock has gained 48.71 percent in the last one year and in the last 6 months, the company's shares have gained 2.09 percent.