- By Aditya Pratap Singh
- Tue, 17 Mar 2026 06:05 PM (IST)
- Source:JND
Latest Dividend News: Public sector company Power Finance Corporation on Tuesday said its board has approved the fourth interim dividend of Rs 3.25 per equity share with a face value of Rs 10 each for the current financial year 2025-26 (FY25-26).
"Board of Directors of Power Finance Corporation Ltd (PFC), in its meeting held today i.e. March 17, 2026, have inter- alia approved declaration of fourth interim dividend at the rate of Rs 3.25 per equity share (i.e. at the rate of 32.50 per cent ) (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for the FY 2025-26," the company said.
In an exchange filing, the company said that the record date for the dividend will be March 23, 2026, meaning the PSU stock will trade ex-dividend on March 20.
"It is to inform that 23.03.2026 (Monday} shall be reckoned as the 'Record Date' for the purpose of ascertaining the eligibility of shareholders for payment of fourth Interim Dividend for the F.Y.2025-26," the exchange filing reads.
At the same time, the date of payment of the aforesaid interim dividend shall be on or before March 16, 2026.
Board Approves Borrowing Plan
The company also informed that its board has approved a plan to raise Rs 1,60,000 crore in borrowings for the financial year 2026-27. It said that the company may raise to Rs 1,60,000 crore in one or more instalments from various sources during the financial year 2026-27, subject to the borrowing limits approved by the shareholders, excluding funds raised under Extra Budgetary Resources (EBR).
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Of this Rs 1,60,000 crore, Rs 1,00,000 crore will be in the form of bonds, securities, long or medium term loans and term loans. This includes foreign currency borrowing of Rs 20,000 crore through the issuance of various loans.
(With PTI's Inputs)