Share Market Update: Today investors are eyeing this stock, last chance to earn big profits, know which company is giving dividend…

Share Market Update: Apart from stocks and IPO, dividends are also a good opportunity to earn in the stock market. Actually, dividend is a gift that the company gives to its shareholders. The benefit of dividend is available to those shareholders whose shares remain in their demat account for a certain period.

On November 25, 2024 (Monday), investors are eyeing the shares of power sector company Power Finance Corporation (PFC). Actually, the shares of the company will trade on ex-dividend. If you also have shares of the company then definitely know how much dividend the company is paying.

PFC declared dividend (Share Market Update)

According to information received from stock exchange filing, PFC is paying an interim dividend of Rs 3.50 per share to its shareholders. This dividend is being given on shares with face value of Rs 10.

The record date for the dividend has been fixed as November 25, 2024. This means that only those shareholders who have shares in their demat account till November 25 will get the dividend.

The company told the stock market that it will credit the dividend on December 8, 2024. Will there be benefit of dividend? Now the question arises whether the investors who bought shares on November 25 will get dividend? The answer is 'no'.

According to the rules, to get the benefit of dividend, the investor has to buy shares a day before the ex-trade date. Due to the T+1 framework implemented in the market, the ex-dividend date and record date of almost all the shares remain the same.

Share Market Update: When was the dividend given?

According to the website of Bombay Stock Exchange (BSE), PFC has already paid dividends to investors. According to BSE website-

How much dividend (per share)

• 30 August 2024 Rs 3.25
• 27 July 2024 Rs 2.5
• 22 March 2024 3 Rs
• 20 February 2024 Rs 3

Share Market Update: Share Status

On November 22, 2024, shares of PFC closed at Rs 477.90 with a rise of 5.32 percent. If we talk about the performance of the stock, the stock has increased by 48.71 percent in the last one year and the shares of the company have increased by 2.09 percent in the last 6 months.