NBFC Dividend: Mid Cap Co Declares Rs 2/- Per Equity Share Dividend, Share Falls 3.67%

Mid cap company operating in NBFC sector Can Fin Homes Ltd shares witnessed a decline of 3.67% intraday despite announcement of an interim dividend of Rs 2/- per equity share of face value Rs 2/- each for the Financial Year 2023-24. The company has already fixed December 29, 2023 as the record date to determine eligible members for the payment of aforementioned dividend. Can Fin Homes shares gained 38% in last 1-year and soared 161% in last 3-years. Check details below:

Can Fin Homes Declares Dividend: According to the BSE filing of the company issued today, "We wish to inform that the Board of Directors of the Company at its meeting held today i.e. on December 20, 2023, Wednesday, had inter-alia considered and declared an 'Interim Dividend' of 'Rs.2/- per equity share' of face value Rs.2/- each for the Financial Year 2023- 24. This information is submitted pursuant to Regulations 30 and 43 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015."

Can Fin Homes Sets Record Date For Dividend: "We have already intimated to stock exchanges that the December 29, 2023, Friday, has been fixed as the 'Record Date' to determine the list of eligible members for the payment of abovementioned Interim Dividend. The aforesaid Interim Dividend shall be credited on or before January 19, 2024, Friday," added the regulatory filing.

Can Fin Homes Stock Performance & Return: Last trading price of Can Fin Homes share on BSE is Rs 753.80 per share with intraday fall of 3.67%. The stock's 52-week high price is Rs 905.00 per share and 52-week low price is Rs 486.30 per share, respectively. The company has a market capitalisation of Rs 10,037.16 crore. Can Fin Homes shares declined 4.39% in last 2-weeks, soared 38% YTD, offered return of 38% in last 1-year, gained 41% in last 2-years, and rose 53% in last 3-years. In last 5-years, Can Fin Homes shares gained 161%.

Can Fin Homes Financials: The housing finance arm of leading public sector lender Canara Bank on October 17 announced a surge of 11.5% YoY in its net profit to Rs 158 crore for the second quarter ended September 30, 2023. The mid cap company declared its net profit at Rs 141.7 crore in the corresponding quarter of last year, as per its BSE filing. Its net interest income or NII soared 26.1% at Rs 316.8 crore as compared to Rs 251.2 crore declared in the corresponding quarter of last year.

About: Can Fin Homes Ltd, a Housing Finance Company promoted by Canara Bank, in 1987, the International Year of Shelter for the Homeless. The Company is incorporated under Companies Act, 1956. Main objective of setting up the Company was promoting home ownership & increasing the housing stock in the country, according to its official website.

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