On March 10, 2025, Housing & Urban Development Corporation Limited (HUDCO), a prominent state-owned non-banking financial company (NBFC), made headlines by announcing its second interim dividend for the financial year 2024-25. Shareholders will benefit from a payout of ₹1.05 per equity share, reflecting the company’s commitment to returning value to its investors. This news comes amid fluctuating market conditions, sparking interest among investors and market analysts alike.
Key Details of the Interim Dividend
- Dividend Amount: ₹1.05 per equity share
- TDS Deduction: 10.50% on the face value of ₹10 per share
- Record Date: March 14, 2025
- Payout Timeline: Expected within 30 days of declaration
During a board meeting on the same day, HUDCO’s directors approved this dividend, emphasizing the company’s goal to reward eligible shareholders. The interim dividend will incorporate a tax deduction at source (TDS) which is standard for such financial distributions.
HUDCO’s Stock Performance
Following the announcement, HUDCO shares experienced a decline, closing down 1.78% at ₹178.95. This drop was noted against the previous session’s closing price of ₹182.20. Despite this recent downturn, HUDCO has delivered remarkable returns over the past five years, with an increase of over 640% for its investors. However, the stock has faced challenges, showing an 8.47% decline over the past year and a 24.72% loss year-to-date in 2025.
Historical Context
- 52-Week High: ₹353.95 (July 12, 2024)
- 52-Week Low: ₹152.65 (March 14, 2024)
- Market Capitalization: ₹35,824 crore as of the latest trading close
This recent announcement is crucial for investors keeping a close eye on HUDCO’s performance amid broader market trends. As the financial landscape continues to evolve, the response to HUDCO’s interim dividend will likely influence investor sentiment and stock movement in the coming weeks.
For more insights on dividend stocks and market trends, explore our articles on investment strategies and financial forecasts.
