Dredging Corporation AGM approves 150% dividend

Dredging Corporation of India Ltd has announced that the members at the 30th Annual General Meeting (AGM) of the Company held on September 28, 2006, inter alia, have unanimously approved declaration of dividend of 150% (including 60% dividend declared by the Board in its meeting held on February 10, 2006) on equity shares of Rs 10/- each in the paid up capital of the Company out of the profits for the year 2005-2006 as recommended by the Board. the net amount of final dividend payable would be Rs 9/- per equity share of Rs 10/- each.

Source : Equity Bulls

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