Rs 24 DIVIDEND per share: GOLDEN reward for investors by gold loan company
rs 24 dividend per share: golden reward for investors by gold loan company
Rs 24/share DIVIDEND, Muthoot Finance Dividend 2024: Muthoot Finance, an NBFC operating as a gold loan finance company, on Thursday (May 23) declared an interim dividend of Rs 24 for its shareholders for the year ended March 31, 2024. This is by far the highest-ever dividend declared by the company.
"The Board of Directors of Muthoot Finance Limited at their meeting held today at the registered office of the Company has considered and approved payment of an interim dividend of Rs. 24 (Rupees Twenty-Four) per equity share (240%) for the Financial Year 2023-24," Muthoot Finance's stock exchange filing stated.
At the time of filing this report, Muthoot Finance's shares traded higher by 0.51 per cent at Rs 1716.90 per share on NSE.
Muthoot Finance Dividend 2024 Record Date
Muthoot Finance has fixed June 1 as the record date for its upcoming dividend.
"Shareholders whose names appear as on close of business hours of June 01, 2024 (a) as Beneficial owners as per the list to be furnished by the Depositories in respect of the shares held in electronic form and (b) as Members in the Register of Members of the Company in respect of shares held in physical form, would be entitled to receive the interim dividend," the company said.
Muthoot Finance Dividend 2024 Payment Date
Muthoot Finance said that the interim dividend will be paid to the shareholders within 30 days from the date of declaration."
Payment date is the exact day on which the dividend gets credited to shareholders' bank account.
Muthoot Finance Dividend History
Muthoot Finance has a good track record of rewarding its shareholders, having consistently declared dividends for the past 11 years (excluding the upcoming one).
The recent-most dividend declared by the company is Rs 22, announced in April 2023. In 2022 and 2021, the company declared Rs 20 as dividend each year. Prior to that, in 2020 and 2019, the gold financing company declared Rs 15 and Rs 12 dividends respectively.
Muthoot Finance Q4 Results 2024 Date
The company also informed in a separate filing on Wednesday (May 22) that it will hold a meeting of its Board of Directors to consider and approve Q4 results.
"A meeting of the Board of Directors of Muthoot Finance Limited (“Company”) is scheduled to be held on Thursday, the 30th day of May 2024 to inter alia, consider and approve the audited financial results for the quarter and year ended March 31, 2024 and financial statements of the Company for the financial year ended March 31, 2024."
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