Muthoot Finance and Dhampur Sugar Mills shares will trade ex-dividend on April 18 in relation to dividends issued by the firms. Muthoot Finance, a gold financial firm, had previously declared a temporary dividend of Rs 22 per share of equity for the fiscal year 2022-23. The dividend is 220% of the face value of the company's shares.
The corporation has set April 18 as the record date for determining whether stockholders are eligible for the interim dividend. The dividend will be given to stockholders whose names appear as beneficial owners on the depositories list as of April 18, as well as members on the company's register.
The interim dividend would be paid to shareholders within 30 days after its declaration, according to the business.Company shares typically trade ex-dividend on the day of the record date or the day before. When a company's stock becomes ex-dividend on a specific day, it lacks the value of the next payout of dividends.
Muthoot Finance shares were trading 0.84% higher on the NSE on Monday, at Rs 1,041.95 per share.
Muthoot Finance is a gold financing company that makes loans against gold jewellery as security. Those who are unable to obtain typical credit can apply for personal and business loans through a company. As of the December quarter, the company has Rs 65,085 crore in consolidated loan assets under control.
Dhampur Sugar Mills, meanwhile, has recommended a dividend of Rs 60 per equity share for the fiscal year 2022-23. The corporation chose the 18th of April as the record date for the same. Dhampur Sugar Mills is one of India's largest sugarcane processing firms. It also offers one of the largest ethanol production plants in the country in terms of cane crushing ability.
The company's shares were trading 2.43% higher on the NSE in the afternoon, at Rs 246.15.
