Muthoot Finance Limited operates as a gold financing company in India. The company offers personal and business loans secured by gold jewelry, or gold loans primarily to individuals and micro finance. It also provides housing finance, gold coins, money transfer, and foreign exchange services; mutual funds and non-convertible debentures; health, home, vehicle, life, and travel insurance products; and vehicle, corporate, and SME loans. In addition, the company generates electric power through windmills in Tamilnadu. As of March 31, 2022, it operated through approximately 4,617 branches in 23 states and 6 Union Territories. The company was founded in 1887 and is headquartered in Kochi, India.
Muthoot Finance Dividend Announcement
• Muthoot Finance announced a annually dividend of ₹24.00 per ordinary share which will be made payable on 2024-06-22. Ex dividend date: 2024-05-31
• Muthoot Finance annual dividend for 2024 was ₹24.00
• Muthoot Finance annual dividend for 2023 was ₹22.00
• Muthoot Finance's trailing twelve-month (TTM) dividend yield is 1.33%
• Muthoot Finance's dividend growth over the last five years (2018-2023) was 17.08% year
• Muthoot Finance's dividend growth over the last ten years (2013-2023) was 11.36% year
Muthoot Finance Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-31 | ₹24.00 | annually | 2024-06-22 |
2023-04-18 | ₹22.00 | annually | 2023-05-06 |
2022-04-25 | ₹20.00 | annually | 2022-05-12 |
2021-04-22 | ₹20.00 | annually | 2021-05-11 |
2020-03-23 | ₹15.00 | annually | 2020-03-30 |
2019-04-11 | ₹12.00 | annually | 2019-04-29 |
2018-02-15 | ₹10.00 | annually | 2018-03-10 |
2017-03-30 | ₹6.00 | annually | 2017-04-22 |
2016-03-16 | ₹2.00 | annually | 2016-06-01 |
2015-11-05 | ₹4.00 | annually | 2015-11-28 |
2015-09-22 | ₹2.00 | annually | 2015-10-30 |
2014-10-22 | ₹4.00 | annually | 2014-10-30 |
2014-09-10 | ₹1.00 | annually | 2014-10-25 |
2014-02-04 | ₹2.00 | annually | 2014-03-01 |
2013-11-05 | ₹3.00 | annually | 2013-11-30 |
2013-09-12 | ₹4.50 | annually | 2013-10-27 |
Muthoot Finance Dividend per year
Muthoot Finance Dividend growth
Muthoot Finance Dividend Yield
Muthoot Finance current trailing twelve-month (TTM) dividend yield is 1.33%. Interested in purchasing Muthoot Finance stock? Use our calculator to estimate your expected dividend yield:
Muthoot Finance Financial Ratios
Muthoot Finance Dividend FAQ
Other factors to consider when evaluating Muthoot Finance as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Muthoot Finance's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Muthoot Finance publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Muthoot Finance distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Muthoot Finance are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Muthoot Finance sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Muthoot Finance distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Muthoot Finance declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Muthoot Finance's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Muthoot Finance's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.