Muthoot Finance Ltd, India`s largest gold loan company on Tuesday 17th March 2020 declared an interim dividend of 150% ie., Rs15 per share of Rs.10 face value for the financial year 2019-20.The dividend will be paid to the shareholders on or before, the 15th day of April, 2020.
Last year, the company had paid a dividend of 120% ie., Rs.12 per share. This will involve a dividend payout of Rs.723crs including dividend distribution tax.
The Record Date for reckoning the shareholders who shall be entitled to receive the said dividend shall be Wednesday, 25th day of March, 2020.
About Muthoot Finance Ltd(MFIN) (http://www.muthootfinance.com/ )
MFIN, a “Systemically Important Non-Deposit Taking NBFC” (NBFC-ND-SI), is the largest gold loan NBFC in India. Its operating history has evolved over a period of 80 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887. The equity shares of the Company are listed on National Stock Exchange of India Limited and BSE Limited since 2011. It has a branch network of 4,536 branches across 23 states, the national capital territory of Delhi and five union territories in India. It employed 25149 persons in its operations. Its loan assets stood at Rs.38498crs as at December 31, 2019 and it generated Profit after Tax of Rs.2191crs for nine months ending December 31 ,2019.
