After its recent board meeting, Power Finance Corporation announced its fourth interim dividend for the financial year 2025–26. This decision, taken on March 17, has created a lot of buzz in the stock market.
Along with the announcement, the company also shared important details like the record date and payment schedule. Let’s understand everything in simple terms.
Dividend Details
The company has declared a dividend of ₹3.25 per equity share. This equals about 32.50% of the face value of ₹10 per share.
This means investors will receive money based on how many shares they own. However, TDS (Tax Deducted at Source) will be applied, so the final amount received may be slightly lower.
Record Date and Eligibility
The record date for this dividend is March 23, 2026. Only those shareholders whose names appear in the company’s records on or before this date will be eligible to receive the dividend.
Payment Date
The company has said that eligible shareholders will receive the dividend amount by April 16, 2026. So, investors will not have to wait long after the record date to get their payment.
Stock Market Performance
The company’s shares performed well during Wednesday’s trading session on the BSE. The stock closed at ₹431.95, rising by 3.39% (₹14.15). During the day, it also touched an intraday high of ₹434.90.
