HUDCO Dividend 2024: Housing and Urban Development Corporation Ltd. (HUDCO) has informed exchanges that its board of directors has recommended a final dividend of Rs 2.65 per equity share of face value of Rs 10 each for 2023-24. However, this is subject to the approval of shareholders in the ensuing Annual General Meeting (AGM).

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HUDCO Dividend 2024: Payment Date

According to the company, the dividend, if approved, in the AGM, will be paid within 30 days from the date of approval.

"The final Dividend, if recommended, will be paid within the statutory period of 30 days from the date of approval in ensuing AGM," the filing reads.

HUDCO Dividend 2024: Record Date

The company has not fixed the record date for this corporate action.

HUDCO Q4 Results FY24

Meanwhile, the state-owned company has reported 9.54 per cent rise in consolidated net profit to Rs 700.16 crore for the quarter ended March 2024.

Its net profit stood at Rs 639.14 crore in the year-ago period.

Total income rose to Rs 2,194.04 crore in March 2024 quarter from Rs 1,862.41 crore a year ago, according to a regulatory filing.

Net profit rose to Rs 2,116.69 crore in 2023-24 financial year from Rs 1,701.43 crore in 2022-23. Total income went up to Rs 7,948.10 crore from Rs 7,086.18 crore.

HUDCO is a policy institution that provides housing finance and non-commercial urban infrastructure financing. It is regulated by the National Housing Bank and is under the administrative control of Ministry of Housing and Urban Affairs.