PSU Dividend Stock: Govt-owned Company Fixes Record Date After 295 pc Surge in Share Price
PSU Dividend Stock 2024: State-owned Housing and Urban Development Corporation (HUDCO) has announced to reward shareholder with an interim dividend for the financial year 2023-24. The company in a board meeting held on Wednesday, March 20 approved the interim dividend for the shareholders. The New-Delhi headquartered company has also fixed the record date and payment date for the said dividend. The company had reported reported more than two-fold rise in standalone profit after tax to Rs 519.19 crore in the three months ended December 2023. The company had posted a standalone Profit After Tax (PAT) of Rs 254.32 crore in the third quarter of the previous fiscal, according to a regulatory filing.
HUDCO Dividend 2024 News
The Board of Directors in their meeting held on Wednesday, 20th March, 2024 approved the declaration of interim dividend for the financial year 2023-24.
HUDCO Dividend 2024 Amount
The company announced to reward shareholders with 15 per cent dividend which is equivalent to a dividend amount of Rs 1.50 per equity share of Rs 10 each. A dividend is always calculated on the face value of a stock and not on the market price.
HUDCO Dividend 2024 Record Date
The Board of Directors fixed Friday, 29th March, 2024 as record date for determining the eligibility of shareholders for payment of Interim Dividend.
HUDCO Dividend 2024 Payment Date
The process for payment of Interim Dividend will be completed within 30 days of its declaration, the company said in a statement.
HUDCO Dividend History
| Ex-Date | Amount (Rs) |
| 28 March 2024 | 1.50 |
| 8 Sep 2023 | 3.1 |
| 21 March 2023 | 0.75 |
| 15 Sep 2022 | 2.75 |
| 29 March 2022 | 0.75 |
HUDCO Dividend Yield
The company has had a dividend yield of Rs 2.20 per cent in the last 12 months at the current levels.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
