Tide Water gains 2% as company declares 1700% interim dividend

The board of directors determined Monday, March 25, 2019, as the record date for the purpose of the aforesaid 2nd Interim Dividend distribution.

Mar 15, 2019 06:03 IST India Infoline News Service

Shares of Tide Water Oil gained 2% in the noon session on Friday after the company declared a dividend of 1700% or Rs85/ordinary share for the year FY19.

The board of directors determined Monday, March 25, 2019, as the record date for the purpose of the aforesaid 2nd Interim Dividend distribution. "Dividend shall be paid within 30 days from the date of declaration (i.e.within Saturday, 13th April 2019)," the company said in a press note after markets hours to the exchanges on Wednesday.

Tide Water Oil Co (I) Ltd's share price is currently at Rs5,718, up by Rs116.65 or 2.08%, from its previous close of Rs5,601.35 on the BSE.
The scrip opened at Rs5,650 and has touched a high and low of Rs5,759.20 and Rs5,650, respectively. So far, 3,255 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs1,951.96cr.

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