MANAPPURAM FINANCE LTD Dividend 2024 Record Date, Share Price, History

News: In this article, we’ll delve into the dividend details of Manappuram Finance Ltd., a prominent player in the finance and non-banking financial company (NBFC) sector. We’ll explore the company’s dividend history, the recent announcement for 2024, and what it means for shareholders.

Understanding Dividends

Dividends are a way for companies to share their profits with shareholders. When a company earns profits, it can choose to distribute a portion of those earnings to its shareholders as dividends. These dividends are typically paid in cash or additional shares of the company.

Manappuram Finance’s Dividend Track Record

Manappuram Finance has consistently rewarded its shareholders with dividends over the years. Let’s take a look at the recent dividend announcements:

1. March 2023: Manappuram Finance declared an equity dividend of 150.00%, which amounts to Rs 3 per share. At the current share price of Rs 174.90, this results in a dividend yield of 1.72%.

2. 2024 Dividend Announcements:

• Interim Dividend (February 2024): The company announced an interim dividend of Rs. 0.90 per share (45%) on February 7, 2024. The record date for this dividend is February 19, 2024.
• Previous Dividends: Manappuram Finance has consistently declared dividends over the last 5 years, with interim dividends ranging from 37.5% to 45%.

What Does It Mean for Shareholders?

For investors holding Manappuram Finance shares, dividends are a crucial aspect. Here’s why:

1. Income Stream: Dividends provide a steady income stream for shareholders. If you own shares in Manappuram Finance, these dividends can be a valuable addition to your overall returns.
2. Investor Confidence: Consistent dividend payouts indicate financial stability and management confidence. Shareholders often view such companies favorably.
3. Dividend Yield: The dividend yield (dividend per share divided by the share price) helps investors assess the attractiveness of the stock. A higher yield can be appealing to income-seeking investors.

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About MANAPPURAM FINANCE LTD :

Manappuram Finance Ltd. is a gold loan non-banking financial company (NBFC) located in Thrissur, Kerala, India. It was founded in 1949 by Mr. V.C. Padmanabhan in the coastal village of Valapad. The company started as a pawnbroking and money lending business. In 1986, Shri V.P. Nandakumar took over as the MD & CEO after his father’s passing.

Manappuram Finance has grown significantly over the years and is now one of India’s leading gold loan NBFCs. Let’s explore some key points about the company:

1. Gold Loans: Manappuram Finance specializes in providing gold loans. These loans are secured by gold ornaments, making them accessible and convenient for borrowers.

2. Wide Branch Network: The company has over 4,190 branches across 25 states in India. This extensive network ensures that customers can easily access their services.

3. Financial Offerings: In addition to gold loans, Manappuram Finance offers other financial solutions, including loans against property, personal loans, small and medium business loans, and commercial vehicle loans.

4. History and Achievements:

• In 2020, Manappuram issued its first-ever US Dollar bonds (worth $300 million) listed on the Singapore stock exchange.
• In FY 2019-20, the company achieved a consolidated net profit exceeding Rs. 1,000 crore for the first time.
• In 2019, it was recognized as the largest wealth creator among the ET500 companies with a market capitalization of over Rs. 5,000 crore.
• The company’s MD & CEO, Mr. V.P. Nandakumar, was a finalist in the prestigious Ernst & Young Entrepreneur of the Year Awards in 2018.

5. Customer-Centric Approach: Manappuram Finance is known for its customer-friendly service and commitment to providing financial solutions to a diverse clientele.

Manappuram Finance’s dividend history reflects its commitment to rewarding shareholders. As an investor, staying informed about dividend announcements and understanding their impact is essential. Keep an eye on the record dates and consider the dividend yield when evaluating your investment decisions.

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