- Muthoot Finance declared an interim dividend of Rs 30 per share for FY 2025-26
- The ex-dividend date is April 17, determining shareholder eligibility for the dividend
- Shares bought on record date are not eligible due to India's T+1 settlement cycle
In the present week, only one company has announced its record date so far for dividend payment. Muthoot Finance Ltd. share price will trade ex-record date for dividend on April 17, which will ascertain the eligibility of shareholders.
The Board of Directors at its meeting last week considered and declared the payment of interim dividend of Rs 30 per share for financial year 2025-26. The payment of dividend will be done within a period of 30 days from declaration. This is the highest ever dividend announced by the company.
To be eligible for these payouts, investors must be mindful of the ex-dividend date, which is the day the share price adjusts to reflect the upcoming dividend.
Under India's T+1 settlement cycle, shares purchased on the record date itself will not qualify for the dividend payment. The ex-dividend date, which falls before the record date, marks when the share price adjusts to reflect the upcoming payout.
Dividends are a way for companies to reward shareholders. It is the portion of profits that a company distributes to its shareholders and is essentially a return on the investment shareholders make in the company's equity.
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Such payments are made through final, interim, and special dividends. Dividends are taxable in the hands of the shareholders, and companies are no longer required to pay the dividend distribution tax. The TDS on dividend income for resident individuals is 10% if the dividend amount exceeds Rs 5,000 in a financial year.
The company in April 2025 had given its interim dividend of Rs 26 per share. On May 31, 2024, it paid an interim dividend of Rs 24.
Muthoot Finance Q3 Results
Muthoot Finance announced the third quarter results for the fiscal 2026 on Feb. 12. The company's net profit grew 94.9% year-over-year to Rs 2,656 crore, up from Rs 1,363 crore, while the company's net interest income (NII) increased 64% year-over-year to Rs 4,467 crore, compared to Rs 2,721 crore in the same period last year.
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