Muthoot Finance Shares Climb 4% After Approving ₹26 Interim Dividend Per Share

Stock Market Today: Muthoot Finance share price appreciated over 4% in the intraday trade on Monday, April 21, following the announcement of the company's board of approving an interim dividend of ₹26 per equity share. Besides, it suggested a provision for elevating the borrowing capacity of the Board of Directors to ₹2 lakh crore.

The clearance of payment for an interim dividend was also among other decisions made in the meeting of the Board, which took place on Monday, April 21, 2025 announced Muthoot Finance by a statement. According to the press release, Directors have approved and recommended payment of interim dividend amount of ₹26 (Rupees Twenty Six) per equity share having face value of ₹10 each (260%) for financial year 2024-25 (FY25).

The date on which the list of shareholders entitled to dividends will be drawn was April 25, 2025. To qualify as eligible shareholders, investors who bought shares of Muthoot Finance just a day prior to the record date will find their names included in the list for the dividend disbursement.

The dividend will be paid to the shareholders within thirty days from the announcement date of the dividend, highlighted by Muthoot Finance.

It was also recommended by the Board of Muthoot Finance to appoint George Joseph as an Independent Director. This is awaiting shareholder approval.

In addition, the Board also suggested, for the shareholders' approval, the enhancement of the borrowing powers of the Board of Directors under Section 180 (1) (c) of the Companies Act, 2013 to an amount of up to ₹2 lakh crore.