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Muthoot Finance Declares an Interim Dividend of 120% for FY 2018-19

In Business
April 17, 2019

KOCHI:
The Board Of Directors of Muthoot Finance Ltd has considered and declared an interim dividend of 120% on a face value of Rs.10/- per equity share i.e., Rs.12 per equity share for FY 2018-19. This is 20% higher than total dividend of 100% on face value of Rs.10/- per equity share i.e., Rs.10 per equity share paid in the previous financial year 2017-18.

The above payment of dividend will involve payment of Rs.481 crore to shareholders and dividend distribution tax of Rs.99 crore to government. Dividend will be paid to shareholders on or before May 04, 2019. Persons/Entities whose names appear as Shareholders on close of business hours of 13th April, 2019, would be entitled to the said interim dividend.