Mahindra Lifespace Developers Board recommends Dividend of Rs 3.50 for 2009-10

Mahindra Lifespace Developers Ltd has announced that the Board of Directors of the Company at its meeting held on April 23, 2010, inter alia, have recommended dividend of 10.50% on 1,000,000 Non-Cumulative Redeemable Preference Shares of Rs 100 each and Rs. 3.50 (Rupees three and paise fifty only) per equity share of Rs. 10 each (i.e. 35%) on 40,809,150 Equity Shares.

The stock closed the day at Rs.507.30, down by Rs.6.20 or 1.21%. The stock hit an intraday high of Rs.519.90 and low of Rs.504.

The total traded quantity was 34638 compared to 2 week average of 150506.

Source : Equity Bulls

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