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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
06 July, 2025 18:25 IST
Larsen & Tubro board declares 500% interim dividend
Source: IRIS | 18 Mar, 2020, 04.52PM
Rating: NAN / 5 stars.
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Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, Has declared an interim dividend of 500% or Rs 10 a share on face value of Rs 2 each.

The company in its regulatory filing to stock exchanges said, ''We wish to inform you that the board of directors of the company through resolution passed by circulation today have approved first interim dividend of Rs.10 a share i.e. 500% on face value of Rs.2 each, for the financial year 2019-20.''

Larsen & Tubro has set the record date for the purpose of payment of dividend as Thursday, March 26, 2020. ''The interim dividend will be paid within stipulated timelines as prescribed under law,'' concluded the filing.

 



Shares of the company declined Rs 64.65, or 6.67%, to settle  at  Rs 904.05.  The total volume of shares traded  was  299,066 at  the BSE (Wednesday).

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