Shriram Transport Fin announces second interim dividend of Rs12 per share; stock plummets ~5%

7 Mar 2022 , 01:17 PM

In its regulatory filing dated March 7, 2022, Shriram Transport Finance Limited, informed the investors and exchanges that the company has declared a second interim dividend of Rs12 per equity share of Rs10 each. This is equal to 120% per equity share.

Monday, March 14, 2022, is the Record Date for the purpose of the payment of second interim dividend. The company has announced this dividend in addition to the first interim dividend of Rs8 per equity share of Rs10 each.

The company will make the second interim equity dividend payout to the eligible shareholders on or after Thursday, March 24, 2022.

Post this development, Shri Ram Transport was trading at Rs1,028.55, down by Rs60.60 or 5.56% against its previous closing price of
Rs1,089.15. It touched intraday high and low of Rs1,059.85 and Rs1,016.30 respectively.