Power Finance Corporation fell 3.95% to Rs 208 at 12:39 IST on BSE, as the stock turned ex-dividend today, 23 December 2015, for interim dividend of Rs 8.80 per share for the year ending 31 March 2016.
Meanwhile, the S&P BSE Sensex was up 217.26 points or 0.85% at 25,807.91.
On BSE, so far 92,000 shares were traded in the counter as against average daily volume of 2.30 lakh shares in the past one quarter.
The stock hit a high of Rs 209.70 and a low of Rs 207.50 so far during the day. The stock had hit a 52-week low of Rs 185.40 on 25 August 2015. The stock had hit a 52-week high of Rs 314.75 on 2 January 2015.
The stock had outperformed the market over the past one month till 22 December 2015, gaining 1.55% compared with Sensex's 1.07% fall. The scrip had, however, underperformed the market in past one quarter, sliding 9.03% as against Sensex's 0.24% fall.
The large-cap company has equity capital of Rs 1320.04 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 4.06% based on the stock's closing price of Rs 216.55 on the BSE yesterday, 22 December 2015.
Power Finance Corporation's (PFC) net profit rose 20.4% to Rs 1695.30 crore on 12.5% growth in total income to Rs 7024.09 crore in Q2 September 2015 over Q2 September 2014.
PFC's main business is to provide finance to power sector. Government of India (GoI) held 67.8% stake in PFC (as per the shareholding pattern as on 30 September 2015).
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