Muthoot Finance Dividend Update Board Will Consider On 06 April Fixes Record Date For The Same

Muthoot Finance Dividend Record Date: Muthoot Finance, one of the country’s leading non-banking financial companies, is soon going to give such a gift to its shareholders, which has been waiting for a long time. The company will announce about this soon and the record date has already been fixed for it.

Dividend amount not decided yet

First of all, let us tell you that Muthoot Finance claims to be the largest gold loan NBFC in the country. The company is going to consider interim dividend on 06 April for the current financial year. The company has already fixed the record date for the dividend. However, it has not been decided yet that how much dividend is going to be given to the shareholders. The amount of dividend will be announced next month.

Record date is this date of next month

The company has fixed April 18 as the record date for paying dividend. The ex-dividend date and the record date are two important dates regarding the issue of dividend on any stock. The ex-dividend date is the date on which the company adjusts the price of equity shares for the purpose of payment of dividend. This date is usually one or two working days before the record date. Similarly, record date is the date till the end of which the shareholders who come in the list of the company get the benefit of dividend.

Benefit will be available within 30 days

The NBFC company plans to provide the benefit of dividend to the shareholders within 30 days of the declaration. On Friday, March 17, the last trading day of last week, the share of Muthoot Finance closed at Rs 928.05 on BSE. Right now the market capitalization of this company is Rs 37,256 crore.

Strong dividend history

This company has been giving handsome dividends to its shareholders. Earlier during the financial year 2021-22, the NBFC company had given 200 per cent total dividend to its shareholders. According to the current market price, the dividend yield of Muthoot Finance is around 2.15 per cent.

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