300% dividend alert! Muthoot Finance announces interim payout, eyes insurance entry; check record date

Interim Dividend Announcement: Muthoot Finance has declared an interim dividend and at the same time indicated a move into a new line of business, reflecting stable earnings and a gradual expansion plan.

Interim dividend declared

The board, at its meeting on April 10, 2026, approved an interim dividend of Rs 30 per equity share for FY26. This comes to a 300 per cent payout. The company said shareholders will receive the amount within 30 days of the announcement.

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Record date and eligibility

Investors holding shares as of April 17, 2026 will be eligible for the dividend. This includes both demat holders and those listed in the company’s records with physical shares.

Foray into insurance business

Alongside this, the company has proposed entering the insurance corporate agency business. The plan is to offer insurance products as part of its broader financial services portfolio.

Shareholder approval required

For this move, the company will seek shareholder approval to amend its Memorandum of Association. This will allow it to formally take up insurance distribution.

Strategic diversification

The entry into insurance is aimed at widening revenue sources and reducing reliance on its core lending business over time.

Stock performance snapshot

Shares of Muthoot Finance closed at Rs 3,568.10 on April 10, up Rs 92.90 or 2.67 per cent for the day.

In terms of trend, the stock has risen 8.68 per cent over the past month and 13.03 per cent over six months. It is down 7.06 per cent so far this year, but over the past one year, it has gained 76.90 per cent, showing strong longer-term movement despite recent fluctuations.