PFC pays Rs 2,033 crore interim dividend to Govt for FY24

Daily Current Affairs / PFC pays Rs 2,033 crore interim dividend to Govt for FY24

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Category : Business and economics Published on: April 06 2024

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Power Finance Corporation Ltd. (PFC) delivered a record interim dividend of Rs. 2,033 crores to the Government of India for the fiscal year 2023-24.
The total dividends paid by PFC for FY 2023-24 reached Rs. 3,630 crores, representing the highest-ever interim dividend by the corporation at 110% or Rs. 11 per share.
PFC distributed the interim dividend in three installments: the first interim dividend amounted to Rs. 832 crores, the second interim dividend was Rs. 647 crores, and the third interim dividend, the latest installment, totaled Rs. 554 crores.