Sundaram Clayton declares interim dividend of Rs44 per share; stock tumbles ~2%

22 Mar 2022 , 03:17 PM

Sundaram Clayton informed the exchanges and investors that its Board of Directors declared an interim dividend of Rs44 per equity share of Rs5. The dividend announced is 880% of the face value of the share. The dividend shall be paid on 2,02,32,085 equity shares, absorbing a sum of Rs89 crore for the financial year ending March 31, 2022.

The record date for such purposes is March 30, 2022.

The interim dividend will be paid on or after April 7, 2022. The dividend shall be paid to those shareholders who hold shares in physical form and/or in electronic form and whose names appear in the Register of Members and/or Depositories respectively, as at the close of working hours on March 30, 2022.

Sundaram Clayton’s stock plunged 1.62% in today’s trade at Rs3,582.70 against its previous closing price of Rs3,641.65. It touched today’s high and low of Rs3,677.40 and Rs3,575 respectively.