Last Updated: April 18, 2023, 12:38 IST
Muthoot Finance and Dhampur Sugar will flip ex-dividend on Tuesday(Representative picture)
Muthoot Finance and Dhampur Sugar will flip ex-dividend on Tuesday.
Muthoot Finance and Dhampur Sugar will flip ex-dividend on Tuesday. Typically, the value of a inventory is adjusted when an organization distributes a dividend. Simply put, the inventory trades minus the value of the following scheduled dividend cost on an ex-dividend date. The worth and the date are referred to as the ex-dividend worth and the ex-dividend date respectively.
Muthoot Finance dividend: Record date
Muthoot Finance had earlier introduced an interim dividend of Rs 22 per share for fiscal 2022-23. The dividend is 220 per cent of the face worth of shares of the corporate. The gold finance firm thought of and authorized the cost of an interim dividend of Rs 22 with April 18 because the document date.
Shares of Muthoot Finance have been buying and selling 0.52 per cent larger at Rs 1,054.30 apiece on NSE.
Muthoot Finance has declared 16 dividends since 16 August, 2012, in keeping with Trendlyne information.
In the previous 12 months, Muthoot Finance has declared an fairness dividend amounting to Rs 42 per share. At the present share worth of Rs 1049.75, this leads to a dividend yield of 4 per cent.
Muthoot Finance is a gold financing firm which offers loans in opposition to collateral of gold jewelry. The firm offers private and enterprise loans to people who can’t entry formal credit score. The firm has consolidated mortgage belongings underneath administration of Rs 65,085 crore, as of the December quarter.
Dhampur Sugar dividend: Record date
The sugarcane processing firm declared an interim dividend of fifty per cent (Rs 5 per fairness share of Rs 10 every) and a particular dividend of 10 per cent (Re 1 per fairness share of Rs 10 every), with April 18 because the document date.
The firm would pay the dividend to eligible shareholders on 3 May.
Dhampur Sugar Mills has declared 16 dividends since 27 February, 2006. In the previous 12 months, Dhampur Sugar Mills has declared an fairness dividend amounting to Rs 6 per share.
At the present share worth of Rs 243.35, this leads to a dividend yield of two.47 per cent.
Dhampur Sugar Mills is likely one of the largest sugarcane processing corporations in India. It additionally has one of many highest ethanol manufacturing capacities relative to its cane-crushing capability within the nation.
Read all of the Latest Business News, Tax News and Stock Market Updates right here
