Tata Steel Board recommends 130% dividend, 25% special dividend

Tata Steel Ltd has announced that the Board of Directors of the Company at its meeting held on May 17, 2007, inter alia, has recommended a dividend of 130% for the financial year 2006-07 and a Special Dividend of 25% on the occasion of the Centenary Year of the Company, subject to the approval of the shareholders at the Annual General Meeting.

The stock was trading at Rs.598, up by Rs.9.55 or 1.62%. The stock hit an intraday high of Rs.608.20 and low of Rs.590.50. The total traded quantity was 2008199 compared to 2 week average of 1215365.

Source : Equity Bulls

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