PFC Dividend Power Finance Corporation will give a dividend of Rs 3.50 the company will also change its name

If you invest in the stock market, especially in government companies, then this news is special for you. A government company has announced a huge dividend. Actually, we are talking, the government company Power Finance Corporation (PFC) said on Wednesday that its board has approved a borrowing plan of Rs 1,40,000 crore for 2025-26. Also, the board has also approved the fourth interim dividend of Rs 3.50 per share for 2024-25.

What happened in the board meeting?

In the board meeting held on March 12, 2025, the board of directors of PFC approved a borrowing plan of Rs 1,40,000 crore for 2025-26. Apart from this, it was also decided to give a fourth interim dividend of Rs 3.50 per equity shares for 2024-25 (with an inscribed price of Rs 10). This dividend will be subject to TDS cuts. The record date of the dividend has been fixed on 19 March 2025, while the dividend will be paid on April 11, 2025 or before.

Preparation to change the name of the company

Apart from this, the board has also approved a proposal to change the name of the company. Now the name of PFC can be changed from “Power Finance Corporation Limited” to “PFC Limited” or any other name, which gets the approval of the Registrar of Companies (ROC). For this, changes will be made to the company’s memorandum and article of association, for which approval of shareholders, Reserve Bank of India (RBI), stock exchange and other officials will be required.

PFC’s dividend history

PFC declared the fourth interim dividend on March 12, 2025 for the financial year of 2024-25. Earlier, the company gave an interim dividend of Rs 3.50 per share (35 per cent) on February 28, 2025. In 2024-25, PFC has given a total dividend of Rs 12.75, whose dividend yield is about 3.45 percent.

Earlier, PFC gave an interim dividend of Rs 3.50 per share on 25 November, 2024 and Rs 3.25 per share on August 30, 2024. On July 26, 2024, the company also declared a final dividend of Rs 2.50 per share for 2023-24.

PFC share performance

The price of PFC stock has increased by 5 per cent in the last one month, but this year (YTD) has fallen more than 12 per cent. In the last 6 months, PFC shares have fallen by 22.5 percent, while in the last one year it has come down 8.7 percent. However, from the perspective of Longstorm, PFC shares have given multibagger returns of 193 per cent in two years and 445 per cent in five years.

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