Shares of Can Fin Homes gained 3% to hit a day's high of Rs 797.95 after the housing finance company said its Board will meet on Friday, December 22, 2023, to consider an interim dividend for the financial year 2023-24.
The company, promoted by state-owned Canara Bank, will also fix the record date for the purpose of payment of the interim dividend, if any.
"This is to inform that a meeting of Board of Directors of the company is scheduled to be held on Friday, December 22, 2023, inter-alia, to consider the proposal for payment of ‘Interim Dividend’ for the financial year 2023-24 and to fix ‘Record date’ for the purpose of payment of Interim Dividend, if any," it said in a filing.
Can Fin Homes also informed that its trading window will remain closed from December 15 till 48 hours after the conclusion of aforesaid Board meeting.
Can Fin Homes has declared 25 dividends since July 3, 2001.
In the past 12 months, the company has declared an equity dividend amounting to ₹2 per share. At the current share price of ₹791, this results in a dividend yield of 0.25%.
Shares of Can Fin Homes have risen 44.60% so far this year, while the 1-year return stands at 46.68%.
Foreign brokerage Jefferies has a ‘buy’ call on the stock, with a target price of ₹970, which represents a potential upside of over 25% from yesterday's closing of ₹775.
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