Mahindra Ugine Board recommends final dividend of 25%

Mahindra Ugine Steel Company Ltd has announced that the Board of Directors of the Company at its meeting held on April 27, 2007, has recommended a Final Dividend @ 25% i.e. Rs 2.50 per Equity Share of the face value of Rs 10/- each for the financial year ended March 31, 2007, for approval by the shareholders of the Company at the forthcoming Annual General Meeting. The total dividend for the year after considering the interim dividend declared and paid, amounts to Rs 4.50 per Equity Share of the face value of Rs 10/- each of the Company.

The stock closed on Friday at Rs.99.15, down by Rs.2.85 or 2.79%. The total traded quantity was 13466 compared to 2 week average of 13294. The stock hit an intraday high of Rs.103.45 and low of Rs.99.15.

Source : Equity Bulls

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