Muthoot Finance declares interim dividend of 200%

Muthoot Finance Ltd, India`s largest gold loan company on April 12, 2021 declared an interim dividend of 200% ie., Rs.20 per share of Rs.10 face value for the financial year 2020-21.The dividend will be paid to the shareholders on or before May 11, 2021. This will involve a dividend payout of Rs.802crs. For previous financial year , Company had paid a dividend of 150% ie., Rs.15 per share. The Record Date for reckoning the shareholders who shall be entitled to receive the said dividend shall be April 23, 2021. Since financial year 2011-12 , Company has declared dividend every year and cumulative dividend declared amounts to Rs.4077crs including the Dividend Distribution Tax.

Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.1170.05 as compared to the previous close of Rs. 1159.55. The total number of shares traded during the day was 26647 in over 1650 trades.

The stock hit an intraday high of Rs. 1209 and intraday low of 1169.05. The net turnover during the day was Rs. 31544306.

Source : Equity Bulls

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