TCPL Packaging Ltd board recommends dividend of Rs. 4 for FY20

On account of Covid-19 pandemic, TCPL Packaging Ltd is taking steps to reduce costs and conserve its resources. Accordingly, a dividend of Rs 4.00 per equity share of Rs.10/- each, has been recommended, which is equivalent to 10% of distributable profit as against adopted dividend policy of 20% for last several years. The dividend recommended is subject to approval of the Members at the ensuing Annual General Meeting of the Company.

Shares of TCPL PACKAGING LTD. was last trading in BSE at Rs.241 as compared to the previous close of Rs. 235.4. The total number of shares traded during the day was 269 in over 38 trades.

The stock hit an intraday high of Rs. 242 and intraday low of 235. The net turnover during the day was Rs. 64436.

Source : Equity Bulls

Keywords