Asian Paints Board recommends final dividend of Rs 10.50

Asian Paints Ltd has announced that the Board of Directors of the Company at its meeting held on May 09, 2008, inter alia, has recommended the payment of final dividend of Rs 10.50 (Rupees ten and paise fifty only) per equity share of Rs 10/- each (105%) for the financial year ended March 31, 2008. Together with the interim dividend of Rs 6.50 per equity share (65%) approved by the Board on October 19, 2007, the total dividend aggregates to 170% for the financial year ended 3l March, 2008.

Further the Company has informed that, the Register of Members & Share Transfer Books of the Company will remain closed from June 14, 2008 to June 24, 2008 (both days inclusive) for the purpose of payment of final dividend & Annual General Meeting of the Company to be held on June 24, 2008.

The Stock closed on Friday at Rs.1212, down by Rs.20.30 or 1.65%. The stock hit an intraday high of Rs.1278.90 and low of Rs.1212.

The total traded quantity was 4556 compared to 2 week average of 12466.

Source : Equity Bulls

Keywords