Mindtree declares interim dividend of 30%

The Board of Directors has also recommended a Final Dividend of 40% for the financial year ended March 31, 2019.

Apr 18, 2019 03:04 IST India Infoline News Service

Mindtree, in its filing to the exchanges, informed that its board has granted approval for interim dividend of 30%, that is Rs3/- per equity share of face value Rs10/- each.

"The record date for payment of this interim dividend will be April 27, 2019 (as has been intimated vide our letter dated April 09, 2019). Interim dividend will be paid to the registered shareholders before May 10, 2019," the company said in a press note on Wednesday.

On Wednesday, Indian financial markets were shut on the back of Mahavir Jayanti holiday.

Meanwhile, the Board of Directors has also recommended a Final Dividend of 40% (Rs4/equity share of face value of Rs10/each) for the financial year ended March 31, 2019 and a Special Dividend of 200% (Rs20/per equity share of face value of Rs10/each) to celebrate the twin achievements of exceeding USO 1bn annual revenue milestone and 20th anniversary of the company, Mindtree added.

Mindtree Ltd's share price ended at Rs977 on Wednesday, up by Rs4.85 or 0.5%, from its previous close of Rs972.15 on the BSE.
The scrip opened at Rs977 and touched a high and low of Rs977 and Rs977, respectively. A total of, 16,338 (NSE+BSE) shares have traded on the counter. The current market cap of the company is Rs15,964.07cr.

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