Can Fin Homes surges ahead of board meet - interim dividend on agenda

Can Fin Homes Share Price, Dividend, News: Shares of Can Fin Homes Limited (NSE: CANFINHOME) opened higher on in early morning deals on Monday, November 28, on account of dividend announcement news. The stock quoted Rs 549 apiece on NSE, gaining 1 per cent from previous close of Rs 544.70 apiece.  

The housing finance company has announced its board of directors will meet today to consider paying interim dividend to its shareholders. 

“This is to inform that a meeting of Board of Directors of the Company is scheduled to be held on Monday, November 28, 2022, inter-alia, to consider a proposal for payment of ‘Interim Dividend’ for financial year 2022-23 and to fix ‘Record date’ for the purpose of payment of Interim Dividend, if any., “ the company said in regulatory filing.

The company had closed the trading window for the designated persons of the company from November 24, 2022 and it will be reopened after the end of 48 hours after the announcement of decisions of the Board of Directors at the said meeting.

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“It is notified that, for the above purpose, the ‘Trading Window’ for dealing in shares of the company shall continue to remain closed for Designated Persons of the Company under the Code of Conduct for Prevention of Insider Trading in the shares of the Company from November 24, 2022 and it will be reopened after the end of 48 hours after the announcement of decisions of Board of Directors at the said meeting,” the filing read.

Can Fin Homes Ltd Q2 Results:
 
For the month ending September, Can Fin Homes Ltd. recorded a Profit after Tax (PAT) at Rs. 141.71 crore. Its net non performing Asset (NPA) was 0.35 per cent, while Gross NPA stood at 0.62 per cent. The Net Interest Income stood at Rs. 251.17 crore and the operating profit was Rs 216.08 crore.

Can Fin Homes has yielded a positive return of around 15 per cent it he past 6 months. The stock's 52-week range is Rs 685 - Rs 406.65.

Can Fin Homes is a housing finance company and promoted by Canara Bank. It offers a range of housing loan schemes.

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