State Bank of Mysore said on Tuesday that its board of directors has declared an interim dividend of 30% at the rate of Rs 3 a share of Rs 10 each. Interim dividend will be paid on Apr. 22, 2014.

The board has also approved equity capital through rights issue, not exceeding Rs 4.25 billion including share premium, to its shareholders.

Shares of the company declined Rs 9.15, or 2.15%, to settle at Rs 417.10. The total volume of shares traded was 3,714 at the BSE (Tuesday).