June 25, 2024

Muthoot Finance announces 220% interim dividend of Rs. 22 per Equity share

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Kochi, 10th April 2023: Muthoot Finance Limited, India`s largest gold loan company on April 6, 2023 declared an interim dividend of 220% (Rs. 22 per equity share of face value of Rs. 10 each) for the financial year 2022-23. The total interim dividend outgo will amount to Rs. 883.19crores. Muthoot Finance Limited got listed during FY 2011-12 and since then Company has regularly declared dividend every year.

The dividend will be paid to the shareholders within 30 days from the date of declaration. This is the fourth consecutive year in which the company has declared an interim dividend above 100% of face value. In the last financial year, the company paid an interim dividend of 200% i.e., Rs. 20 per share. The record date for reckoning the shareholders who shall be entitled to receive the said dividend shall be April 18, 2023.

Speaking on declaring the interim dividend of Rs. 22 per share, Mr. George Alexander Muthoot, Managing Director, Muthoot Finance said, “We are glad to announce the interim dividend today. The announcement of interim dividend reflects upon the steady business performance and positive growth outlook witnessed by the company. On this occasion, we thank our shareholders for their continued trust and support.  We are witnessing improved business environment and improved collections, and there is still huge untapped potential in the gold loan sector. We remain positive on the growth outlook of our company and remain committed to reward our shareholders.”