Board Of Large Cap NBFC Company Okays 22/Share Interim Dividend, Shares Rally

Board of large cap NBFC Sector company, Muthoot Finance Ltd today considerd and approved payment of an interim dividend of Rs 22/share. The stock witnessed jump of over 3% on BSE soon after the announcement. The stock rallied 68% in last 3-years. It fixed 18 April, 2023 as the record date for determining eligibility of the shareholders who will receive the interim dividend. Check details below:

Muthoot Finance Approves Interim Dividend: According to the regulatory filing, "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. 22 (Rupees Twenty-Two) per equity share (220%)."

Muthoot Finance Stock Performance & Return: The last trading price of Muthoot Finance is Rs 1020.00 apiece with intraday surge of 3.09%. Its 52-week high price is Rs 1384.00 apiece and 52-week low price is Rs 911.40 apiece, respectively. The company's market capitalisation is Rs 40,947.72 crore.

The stock delivered over 6% return in last 1-month, declined 25% in last 1-year, and fell 15% in last 2-years. It gave 68% return in last 3-years and 138% return in last 5-years.

Muthoot Finance About: Muthoot Finance was originally incorporated as a private limited company on March 14, 1997 with the name "The Muthoot Finance Private Limited" under the Companies Act. Subsequently, its name was changed to "Muthoot Finance Private Limited". It is the largest gold financing company in India in terms of loan portfolio. It provides gold loans on easy terms and conditions to people of each segment of the society. Its gold loan range begins from ₹ 1500 and there is no maximum limit.

Disclaimer: The stock declared interim dividend today. Greynium Information Technologies and the author 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.