Rs 2.65/Sh Dividend: NBFC PSU HUDCO Issues Record Date For Dividend, Shares Rise 118% YTD

Public sector undertaking Housing & Urban Development Corporation shares (HUDCO) on August 30 witnessed fall of 3.82% on BSE to settle at Rs 281.65 per share. Housing & Urban Development Corporation shares offered attractive returns of 118% year-to-date (YTD) and zoomed 594% in last 2-years only. HUDCO fixed September 13, 2024 as the record date for final dividend. The PSU has a market capitalisation of Rs 56,383.51 crore. Earlier, HUDCO on May 24 recommended a final dividend of Rs 2.65 per equity share on the face value of Rs 10/- each for the financial year 2023-24. Check details below:

Housing & Urban Development Corporation Sets Record Date For Final Dividend: As per the regulatory filing of, HUDCO set September 13, 2024 as the record date for final dividend of Rs 2.65 per equity share. The final dividend on equity shares, as recommended by the Board of Directors, if declared at the AGM, will be paid within 30 days of declaration to the members.

HUDCO Dividend: According to the exchange filing of HUDCO dated May 24, 2024, "The Board of Directors also recommended final dividend @ Rs 2.65/- per equity share (subject to deduction of TDS) on the face value of Rs.10/- each, for the financial Year 2023- 24, subject to approval of shareholders in the ensuing Annual General Meeting (AGM). The final dividend is in addition to the interim dividend of Rs.1.50/- per equity share already declared and paid for the Financial Year 2023-24."

HUDCO AGM: The PSU informed via its BSE filing that its Annual General Meeting (AGM) will be held on September 25, 2024.

HUDCO Dividend Yield: Housing and Urban Development Corporation Ltd. announced a total of 13 dividends since September 14, 2017. In last 1-year, HUDCO announced an equity dividend amounting to Rs 4.60 per share. At the current share price of Rs 280.65, HUDCO offers a dividend yield of 1.64%.

Shareholding: FII/FPI have increased holdings from 1.91% to 2.70% in June 2024 quarter. Number of FII/FPI investors increased from 78 to 128 in June 2024 quarter. Mutual Funds have increased holdings from 2.28% to 3.00% in June 2024 quarter. Number of MF schemes increased from 15 to 18 in June 2024 quarter. Institutional Investors have increased holdings from 13.31% to 14.35% in June 2024 quarter.

HUDCO Share Performance: The 52-week high price of HUDCO share on BSE is Rs 353.95 apiece (as on 12/07/2024) and 52-week low price 67.70 apiece (as on 13/09/2023). HUDCO shares fell 10% in last 1-month, surged 47% in last 6-months, gained 267% in last 1-year, and rallied 558% in last 3-years. HUDCO stock offered its highest return in last 5-years with 675% rally.

About: Housing and Urban Development Corporation Ltd. (HUDCO) was incorporated as a fully owned Government Company under the Companies Act, 1956 with the main objective of financing Housing and Urban development projects in the country. Housing and Urban Development Corporation Ltd (HUDCO), is the premier techno-financing public sector enterprise.

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