HUDCO Share Price in Focus as Dividend Ex-Date is Tomorrow (March 13, 2025)

Housing & Urban Development Corporation Limited (HUDCO) has declared an interim dividend of ₹1.05 per share, with the ex-dividend date set for March 13, 2025, and the record date on March 14, 2025. The announcement was made on Monday, March 10, through an exchange filing.

Understanding Record Date and Ex-Date

Record Date: This is the date when a company checks its records to determine which shareholders are eligible for corporate actions like dividends, bonus shares, or stock splits. Only those holding shares in their demat accounts on this date will receive the benefits.

Ex-Date: This is the date when a stock starts trading without the entitlement to a corporate action. Since markets now follow a T+1 settlement cycle, the ex-date and record date are the same. Until this date, the stock trades with the benefit (e.g., cum-dividend or cum-rights).

Tax Deduction on Dividend

The dividend will be subject to a 10.50% tax deduction at source (TDS) on the face value of ₹10 per share.

Payout Timeline

As per the exchange filing, the company will complete the dividend payout within 30 days of the declaration.

About HUDCO

Housing and Urban Development Corporation Limited (HUDCO) is a public sector enterprise in India specializing in housing finance and infrastructure project funding. The government granted Navratna status to the company on April 18, 2024.

As of March 12, 2025, at 11:03 AM IST, HUDCO share price is trading at ₹179.81, down ₹1.50 (0.83%) for the day. The stock opened at ₹182.50, reached a high of ₹185.49, and a low of ₹179.33. HUDCO has a market capitalisation of ₹35,990 crore, a P/E ratio of 13.43, and a dividend yield of 2.46%. The 52-week high stands at ₹353.70, while the 52-week low is ₹152.55.

Conclusion

HUDCO remains a key player in housing finance and infrastructure funding. Despite recent market fluctuations, its dividend payout and Navratna status highlight its strong financial standing.

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