Madras Cements Board recommends Rs.10 final dividend

Madras Cements Ltd has announced that the Board of Directors of the Company at its meeting held on May 30, 2007, inter alia, has recommended a final dividend of Rs 10/- per share. Together with the 1st Interim Dividend of Rs 7.50 per share and 2nd Interim Dividend of Rs 7.50 per share paid already, the total dividend for the year 2006-2007 is Rs 25/- per share.

The stock was trading at Rs.2899.90, up by Rs.77.90 or 2.76%. The stock hit an intraday high of Rs.2973.90 and low of Rs.2849.95. The total traded quantity was 11766 compared to 2 week average of 6144.

Source : Equity Bulls

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