PFC Announces Second Interim Dividend for Shareholders
Shares of Power Finance Corporation (PFC), one of India's leading state-owned non-banking financial companies, are in focus on Wednesday, November 26, 2025. This date marks the crucial record date for determining which investors will receive the company's second interim dividend for the financial year 2025-26.
The company's board had earlier this month declared an interim dividend of ₹3.65 per share, representing a 36.5% payout. According to the announcement, the dividend will be paid to eligible shareholders on or before December 6, 2025.
Why the Record Date is Critical for Investors
The record date, November 26, 2025, serves as the cutoff to identify shareholders qualified for the dividend payout. Only investors holding PFC shares as of the end of trading on this date will be eligible to receive the ₹3.65 per share dividend. Those purchasing shares after November 26 will not qualify for this particular interim dividend payment.
Concurrently, the stock will trade ex-dividend starting November 26, in accordance with standard exchange regulations for dividend-paying companies.
Consistent Track Record of Shareholder Returns
PFC has established itself as a reliable dividend-paying PSU with a remarkable history of returning value to its investors. Since September 2007, the company has distributed 45 dividends to its shareholders.
Over the past twelve months, PFC has paid out ₹16.25 per share in dividends. Based on a recent share price of ₹362, this translates to an attractive dividend yield of approximately 4.48%, making it a favored choice among income-seeking investors in the financial sector.
Recent Bond Issuance Developments
In recent market developments, PFC and NABARD made the decision to cancel scheduled bond issuances totaling ₹10,000 crore. This move came after the auction attracted yields higher than what the issuers found acceptable.
While PFC successfully raised ₹3,000 crore through a 10-year bond issue earlier in the day, the company withdrew a second tranche of the same amount. Market observers expect both PFC and NABARD to reconsider their bond issuance strategies after the Reserve Bank of India's monetary policy meeting scheduled for December 5.
Q2 FY26 Financial Performance Highlights
For the quarter ending September 2025 (Q2 FY26), PFC reported a 2% year-on-year increase in standalone net profit, reaching ₹4,462 crore compared to ₹4,370 crore in the corresponding quarter of the previous financial year.
The NBFC demonstrated robust growth in interest income, which climbed 13% to ₹13,472.78 crore from ₹11,908.98 crore a year earlier. This healthy growth was primarily driven by increased loan disbursements and a strong lending pipeline across power and infrastructure projects nationwide.
Stock Performance and Market Position
PFC's stock showed positive momentum on Wednesday, rising approximately 1% during intra-day trading to reach ₹364.70 on the BSE.
The company has delivered exceptional long-term value to investors, generating returns exceeding 315% over the past five years. However, the stock has experienced some near-term pressure, declining more than 258% over the one-year period leading up to November 2025.
According to BSE data, PFC shares hit their 52-week high of ₹523.65 on December 6, 2024, while the 52-week low of ₹357.25 was recorded on February 17, 2025. As of November 26, 2025, Power Finance Corporation commanded a market capitalization of over ₹1,19,496.68 crore, maintaining its position as a significant player in India's PSU financial landscape.
