Find out all the information about the Dividend Adjustment of MUTHOOTFIN for March 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Vedanta Limited will adjust its dividends according to SEBI regulations.
MUTHOOT Finance Limited announced the Interim Dividend of ₹ 22 per share on April 6, 2023. This translates to a yield of 2.22% based on the closing price of ₹ 989.75 on April 5, 2023. The ex-dividend date is set for April 18, 2023, with the record date for dividend payment scheduled for April 18, 2023.
SEBI’s Guidelines for Dividend Adjustment in F&O
As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, MUTHOOTFIN will adjust its dividends in both the futures/options and cash markets.
Dividend Adjustment of MUTHOOTFIN for March 2023 in the Cash
Investors who buy MUTHOOTFIN shares on or prior to April 17, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.
Dividend Adjustment of MUTHOOTFIN for March 2023 the Futures
In the futures market, MUTHOOTFIN’s futures contracts will be adjusted by subtracting the dividend amount from the April 17, 2023 closing price. For instance, if MUTHOOTFIN closes at ₹ 1022 on April 17, 2023, one futures contract would be worth ₹ 1022 x 550 = ₹ 5,62,100. The next working day, April 18, 2023, the value of the same contract would be adjusted to ₹ 1000 x 550 = ₹ 5,50,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.
Dividend Adjustment of MUTHOOTFIN for March 2023 in the Options
In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. April 27, 2023, and those expiring on, May 25, 2023, and June 29, 2023. This can be understood through the table given below:
MUTHOOTFIN Dividend Adjustment
For any additional questions regarding the dividend adjustment of MUTHOOTFIN, feel free to ask by leaving a comment. If you found this information useful, please share it with others.
Read More: