Get ready, investors! Today is a big day for those interested in Housing and Urban Development Corporation (HUDCO) shares. The company has announced that it will pay an interim dividend of Rs 2.05 per share. The important date to remember is January 30, which is when HUDCO will check its records to see who gets the dividend.
If you want to be eligible for this payout, you need to buy HUDCO shares by the end of today, January 28. The company’s Board of Directors made the announcement in a meeting on January 22.
So, don’t wait! You have until the end of the day to buy HUDCO shares. The company will pay out the dividend within 30 days after they declare it.
Just a note: the record date is the last day the company checks who owns the shares for dividend purposes. In India, if you want to be registered as a shareholder by that date, you need to buy the shares at least a day earlier due to the T+1 settlement system.
In the last year, HUDCO has given out Rs 4.15 per share in dividends, and with the current share price at Rs 208.96, it means investors can expect a 1.99% return from dividends.
(Note: The opinions and views expressed in this article are from the experts and do not reflect the views of NiftyStat.)
Leave a Reply