The Board of Directors of Housing Development Finance Corporation (HDFC) at its meeting held on Friday, i.e. May 7, 2021 has declared of dividend of Rs 23 per equity share. The meeting commenced at 11.30 a.m. and concluded at 1.28 p.m.
Housing Development Finance Corporation Quarterly Result
The company reported a 42 per cent year-on-year rise in net profit to Rs 3,180 crore for the quarter ended March. HDFC’s net interest income rose 14 per cent on-year to Rs 4,065 crore for the quarter ended March. The non-performing loans of the individual portfolio stood at 0.99%, while that of the non-individual portfolio stood at 4.77%.
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Housing Development Finance Corporation Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 1 June 2021 as the Record date. In addition, the declared dividend will be paid on or after July 21, 2021.
To receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – In other words, if you buy shares on ex-dividend date, you will not be eligible to receive dividend. So, Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Moreover, Here is the copy of statement, the company has sent to the exchanges:
We wish to inform you that at the meeting of the Board of Directors of the Corporation held today has recommended a dividend of Rs 23 per equity share of face value of Rs. 2 each for the financial year 2020-21.
Important Dates
- Company – Housing Development Finance Corporation Ltd
- Script Name – HDFC (NSE) and 500010 (BSE)
- Dividend Amount – 23 Rs Per Share
- Dividend Type – Normal
- Ex-Dividend Date – 31 May 2021
- Record Date – 1 June 2021
- Payment Date – On or after July 21, 2021
You can find more information about Housing Development Finance Corporation Ltd on National Stock Exchange and Moneycontrol – HDFC is an Indian financial services company based in Mumbai, India. It is a major housing finance provider in India. It also has a presence in banking, life and general insurance, asset management, venture capital, realty, education, deposits and education loans.
