Can Fin Homes’ stock still be watched because it will trade today ex-dividend? An interim dividend of ₹6 per share has already been decided by the company’s board of directors and will be paid out in the fiscal year 2024–2025.
At its meeting on Tuesday, November 26, 2024, the Can FIn Homes Board of Directors discussed and decided to declare an “Interim Dividend” of Rs. 6.00/-per equity share of face value Rs. 2/-each for the 2024–2025 fiscal year. This resulted in the announcement of a 300% interim dividend.
The stock exchanges were also notified by Can Fin Homes on November 19, 2024, that the ‘Record Date’ for identifying the list of eligible shareholders for the payment of the aforementioned Interim Dividend was set for Wednesday, December 04, 2024.
For investors who purchased Can Fin Home Finance shares up until Tuesday, December 3, 2024, their names will be listed as eligible shareholders on the record date of December 4, 2024, making them eligible to receive the interim dividend.
The Interim Dividend must be paid out by Wednesday, December 25, 2024, at the latest.
One day before its ex-dividend conversion, Can Fin Homes’ share price increased by 2.39% on Wednesday, closing at 834.20 on the BSE with gains of ₹19.50.
The share price of Can Fin Homes has recently dropped in tandem with equities market corrections brought on by global uncertainties, geopolitical tensions, and foreign portfolio investors selling in Indian markets. Although Can Fin Homes’ share price has decreased by over 2.5% in the past month, it has still increased by 19.46% over the previous six months.
In addition to housing loans for individual and affordable homes, Can Fin Homes (CFHL) is a housing finance organization that offers composite and top-up loans. Personal, school, business, mortgage, and site loans are among the non-housing loans offered by CFHL.
