Allcargo Logistics' stock climbs ~5% as board approves interim dividend

17 Mar 2022 , 01:23 PM

Allcargo Logistics’ Board of Directors have approved an interim dividend of Rs3 per equity share of Rs10 each.

As the investors cheers this announcement, Allcargo’s stock so far added 5.11% and was last trading at Rs328.05 against its previous closing price of Rs312.10.

The interim dividend shall be paid to all shareholders of the company whose names are appearing on the company’s register until March 25, 2022, which is also the record date for this purpose.

Allcargo Logistics is a leading logistics solutions provider in India, providing logistics solutions across 160+ countries. Its services comprise global pan-India container freight stations, multimodal transport operations, third-party logistics, warehousing, inland container depots, contract logistics and logistics parks.