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2 Stocks Paying Maximum 100% Dividend To Go Ex-Dividend Next Week, Invest?
2 Stocks paying maximum 100% dividend are set to go ex-dividend next week. These stocks are Aptus Value Housing Finance India and Can Fin Homes Ltd (CFHL). Leading brokerage firm Keynote Capital has initiated coverage on Can Fin Homes Ltd 10 days back and assigned buy call with a target price of Rs 670 apiece. If you buy Can Fin Homes at the current market price of Rs 551 apiece, you will get a potential return of 22%. Check key takeaways below:
1. Aptus Value Housing Finance To Pay Interim Dividend Of Rs 2 Per Equity Share
The board of directors of the company said, "We are pleased to inform you that the Board of Directors of Aptus Value Housing Finance India Limited ("Company"), at its Meeting held on November 28, 2022, has declared an interim dividend of Rs. 2/- (Indian Rupees Two Only) per equity share of face value of Rs. 2/- for the financial year 2022-23."
Record Date: The record date is December 9, 2022 and ex-dividend date is December 8, 2022.
Aptus Value Stock Performance & Return: The current market price of Aptus is Rs 310 with 52-week high at Rs 394 apiece and 52-week low at Rs 221 apiece, respectively. The stock has declined 10% in last 5-years and 2% in last 1-year. The stock has gained 10% in last 6 months.
About Aptus Value: Aptus Value Housing Finance India Ltd is a Home Loan Company. Aptus has been formed to primarily address the housing finance needs of self-employed, belonging to low-and-middle income families primarily from semi urban and rural markets.
2. Can Fin Homes Ltd To Pay Rs 1.50 Per Share Interim Dividend
The board of directors of the company said in the BSE filing, "We wish to inform you that the Board of Directors of your Company at their meeting held on November 28, 2022 have recommended an Interim Dividend of Rs.1.50 per share for the financial year 2022-23."
Record Date: The record date is December 9 and ex-dividend date is December 8, 2022.
Can Fin Homes Stock Performance & Return: The current market price of the stock is Rs 549 apiece with 52-week high at Rs 685 and 52-week low at Rs 408. The stock has given 18% return in last 5-years, and 40% return in last 3-years.
About Can Fin Homes: Can Fin Homes Ltd is a Housing Finance Company promoted by Canara Bank, in 1987. 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.
Should You Buy Can Fin Homes? Keynote Capitals Ltd said, "The Company has a strong growth history and best-in-class asset quality across various industry phases driven by excellent risk management techniques. We believe that CFHL will grow its loan book at 18-20% in the foreseeable future and maintain its robust asset quality. Given the strong business outlook, we ascribe an adjusted P/B multiple of 2.2x to FY24E adjusted Book Value resulting in a target price of Rs. 670 and an upside of ~27% from the CMP."
So if you buy the stock now at current market price of Rs 549, you will get potential return of 22%.
Disclaimer
Can Fin Homes Ltd has been picked from the brokerage report of Keynote Capitals Ltd. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
