Rs 3.00/Share Dividend Declared: Mid Cap NBFC Co To Pay 30% Dividend

Mid cap company operating in the NBFC sector MAS Financial Services Ltd shares witnessed decline of 1.63% despite announcing an interim dividend of Rs 3.00 per share. Last trading price of MAS Financial Services share on BSE is Rs 892.10 per share. MAS Financial Services shares declined 2.52% in last 3-months and gave return of 19.31% in last 6-months. Check details below:

MAS Financial Services Declares Interim Dividend: As per the BSE filing of the company dated January 10, 2024, "We wish to provide the following information on a consolidated basis for the quarter ended December 31, 2023:

1. The consolidated AUM of the Company crossed the milestone of Rs 10,000 Crore during the quarter and stood at approximately Rs 10,225 Crore as on December 31, 2023, registering a strong growth of 27% YoY.

2. The Company continues to have adequate liquidity of approximately Rs 800 Crore as on December 31, 2023.

3. In consonance with our policy of rewarding the shareholders the board has declared an Interim Dividend of 30.00 % @ 3.00 per share."

Commenting on the performance, Kamlesh Gandhi - Founder, Chairman & Managing Director, MAS Financial said, "This milestone achieved reflects upon the consistent growth of the Company across cycles. We take this opportunity to take fresh guard for our next phase of growth. We trust that the next phase of growth will not only be exciting and successful but also create value for all its stakeholders on a very large scale."

MAS Financial Services Stock Performance & Return: The 52-week high price of MAS Financial Services share on BSE is Rs 966.15 per share and 52-week low price is Rs 680.00 per share, respectively. The company has a market capitalisation of Rs 4876.40 crore. MAS Financial Services shares 9.47% in last 1-year, surged 49% in last 2-years, and declined 2.96% in last 3-years. In last 5-years, MAS Financial Services stock offered gain of 66.78%.

MAS Financial Services About: With a plethora of retail finance options in its arsenal, MAS is focused on fulfilling the requirements of lower income and middle-income groups of the society. It offers financial services for micro enterprises loans, SME loans, home loans, two wheeler loans, used car loans, and commercial vehicle loans to satisfy their varied needs. The focus remains on the vast lower income and middle-income groups of the society, spread across urban, semi urban and rural areas, and including formal and informal sector, according to its official website.

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