Maharatna PSU Trades Ex-Dividend on Friday: Amount, Payment Date?
By Malvika Gurung
Investing.com — Shares of the central public sector undertaking (PSU) Power Finance (NS:) Corporation turned ex-dividend on Friday, with shares trading 1.4% lower at Rs 145.6 apiece in early trade.
The Maharatna PSU’s Board of Directors had declared a third Interim Dividend of Rs 3.5/share on the face value of the paid-up equity shares of Rs 10 each for the financial year 2022-23 while releasing its earnings for the December-ended quarter.
The interim dividend will be subject to deduction of Tax Deducted at Source (TDS), said the state-owned major.
The record date to determine the shareholders eligible for the corporate reward was set as Feb 24, 2023, and the payment of the third interim dividend for FY23 will be made on or before March 14, 2023.
In the December 2022 quarter, Power Finance Corporation’s consolidated net profit rose 7.8% YoY to Rs 3,860.25 crore, while net sales climbed marginally by 2.4% YoY to Rs 19,639.14 crore.
Its EBITDA in the quarter climbed over 8% at 8.3% to Rs 18,762.47 crore.