Bullish Chart Meets Big Dividend of Rs 26: April 25 Is The Key Date To Watch; Stock Set for Takeoff?

One of India's leading Non-Banking Financial Companies (NBFCs) is Muthoot Finance Limited. A variety of different financial services are provided by the corporation, such as gold loans, business loans, housing loans, and personal loans. The company is divided into three primary divisions: insurance, wealth, and finance. The Muthoot Finance Limited Board of Directors had a meeting today, April 21, 2025, and among other things, discussed and authorized an interim dividend of Rs. 26 for FY25, with the record date coming in April.

Muthoot Finance Dividend

The handing out of an interim dividend of Rs. 26 per equity share (260%) for the Financial Year 2024-2025 was reviewed and authorized by the Board of Directors today.
"Shareholders whose names appear as on close of business hours of April 25, 2025 (a) as Beneficial owners as per the list to be furnished by the Depositories in respect of the shares held in electronic form and (b) as Members in the Register of Members of the Company in respect of shares held in physical form, would be entitled to receive the interim dividend. The interim dividend will be paid to the shareholders within 30 days from the date of declaration," said Muthoot Finance in a stock exchange filing on Monday.

Muthoot Finance Intimation of Record Date For Dividend

"In accordance with Regulation 42 of the Listing Regulations, the record date for determining the entitlements of the shareholders for the payment of aforesaid Interim dividend shall be Friday, the 25th day of April, 2025, subject to the approval of Interim dividend by the Board of Directors. Shareholders whose names appear as on the close of business hours on April 25, 2025: (a) as Beneficial owners as per the list to be furnished by the Depositories in respect of the shares held in electronic form and (b) as Members in the Register of Members of the Company in respect of shares held in physical form," said Muthoot Finance in a regulatory filing.

Muthoot Finance News

Moody's Ratings recently upgraded Muthoot Finance Limited's Long Term issuer rating from "Ba2" with "Stable" outlook to "Ba1" with "Stable" outlook on April 3.

George Alexander Muthoot, Managing Director, stated "We are pleased to announce that Moody's Ratings has upgraded our long-term corporate family rating to Ba1 from Ba2. This upgrade signifies Moody's confidence in our robust financial performance, strong asset quality, and resilient business model of The Muthoot Group. The Ba1 rating reflects Muthoot Finance's consistent profitability, prudent risk management practices, and diversified funding profile. Our strong operational resilience, demonstrated by our ability to navigate challenging market conditions, has also been recognized by Moody's Ratings. This credit rating upgrade is a testament to the dedication of our employees, the trust of our customers, and the support of our stakeholders. We remain committed to delivering sustainable growth, enhancing stakeholder value, and maintaining our position as a leader in the financial services industry. We express our sincere gratitude to all our stakeholders for their unwavering support and belief in Muthoot Finance. We will continue to strive for excellence and uphold the highest standards of corporate governance and ethics."

Muthoot Finance Share Price Target

"Muthoot finance stock price is bullish on the Daily charts with strong support at 2111. A Daily close above resistance of 2308 could lead to a target of 2435 in the near term," commented A R Ramachandran, Independent Research Analyst.

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