Welspun Corp Ltd recommends dividend of Rs. 5

The board of directors of Welspun Corp Ltd have recommended a dividend at the rate of 100% (i.e. Rs.5/- per share) on 260,949,395 Equity Shares of Rs.5/- each fully paid-up, i.e. Rs. 1,304,746,975/-.

The board also recommended a dividend at the stipulated rate of 6% per share (i.e. Rs.0.60) on the 6% Cumulative Redeemable Preference Shares of the face value of Rs.10/- each fully paid up.

The Company has fixed Friday, June 10, 2022 as the "Record date" for the purpose of determining the shareholders eligible for dividend, if any, approved by the shareholders of the Company at the ensuing Annual General Meeting.

The dividend, if any, approved at the ensuing AGM, will be paid within 30 days to those Members whose name appear in the Register of Members of the Company and/or the Register of Beneficial Owners maintained by the Depositories as on Friday, June 10, 2022.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 206.00 as compared to the previous close of Rs. 200.30. The total number of shares traded during the day was 94766 in over 1620 trades.

The stock hit an intraday high of Rs. 211.90 and intraday low of 201.00. The net turnover during the day was Rs. 19537849.00.

Source : Equity Bulls

Keywords

WelspunCorp INE191B01025 WELCORP Dividend FY2022