HUDCO Declares Equity Dividend of INR 38.50
Improved Financial Performance and Housing Development Initiatives
Mumbai, April 14, 2023
Housing and Urban Development Corporation Limited (HUDCO), a leading financial institution specializing in housing and urban infrastructure development, has declared an equity dividend of INR 38.50 per share for the year ended March 2023.
This dividend declaration reflects HUDCO's strong financial performance over the past year. The company's net profit rose significantly, driven by increased lending operations and efficient cost management.
HUDCO's NBFC - Housing (ISIN code: xxxx xxxx xxxx) has consistently provided exceptional returns to its investors. Over the past 12 months, the share price has witnessed a steady upward trend, indicating investor confidence in HUDCO's business model.
"We are delighted to announce this dividend to our shareholders as a token of our appreciation for their support," said HUDCO's Chairman and Managing Director. "This dividend is a reflection of HUDCO's ongoing commitment to providing affordable housing solutions and promoting sustainable urban development across the nation."
HUDCO is actively engaged in financing and promoting various housing and urban development projects across India. The company's initiatives aim to increase access to affordable housing, improve urban infrastructure, and contribute to the overall economic growth and well-being of the country.
Comments