Manappuram Finance Share Price in Focus; Dividend Issue Record Date Tomorrow, Feb 21, 2025

On February 19, 2025, Manappuram Finance Limited, a gold loan provider’s, share price closed at ₹202.76, showing a gain of ₹12.83 or 6.78% from its previous close of ₹189.33. The stock opened at ₹188.21 and reached a high of ₹206.68 during the trading session. The lowest point of the day was ₹187.25. Despite fluctuations, the stock managed to close near its high

Corporate Action History

Manappuram Finance has consistently declared interim dividends in recent months. On February 13, 2025, the company announced a ₹1 dividend, with the ex-date set for February 21, 2025. Earlier, on November 5, 2024, a similar ₹1 interim dividend was declared, with the ex-date on November 18, 2024.

The company also declared ₹1 per share as interim dividends on August 14, 2024, and May 24, 2024, with respective ex-dates on August 26, 2024, and June 5, 2024. Additionally, a ₹0.90 interim dividend was announced on February 7, 2024, with the ex-date on February 16, 2024.

Manappuram Finance: Leading the Gold Loan Sector

Manappuram Finance Limited is one of the leading non-banking financial companies (NBFCs) in India, primarily engaged in providing gold loans. Founded in 1992, the company has expanded its services across various financial products, including microfinance, insurance, and asset management.

Manappuram Finance operates through a vast network of branches across India, offering a convenient and quick way for customers to access loans against gold. With a strong emphasis on customer service and financial inclusion, the company has established itself as a trusted name in the Indian lending sector, catering to the diverse financial needs of individuals and businesses alike.

Conclusion

With Manappuram Finance’s ₹1 dividend record date set for tomorrow, February 21, 2025, the stock will trade ex-dividend tomorrow. This means investors purchasing the stock today will be eligible for the upcoming dividend payout.

The company’s consistent dividend history and strong market performance are likely to keep the stock in focus. Investors will be watching closely for any price movement as the ex-dividend date approaches.

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