Britannia Industries stocks rise over 3% after FMCG major declares Rs 35 per share interim dividend
On Thursday, Britannia declared an interim dividend of Rs 35 per share for 2019-20 financial year
New Delhi: Shares of Britannia Industries on Friday jumped over 3 percent after the company declared an interim dividend Rs 35 per equity share of face value of Re 1 each.
The scrip rose 3.23 percent to Rs 3,043.60 on the BSE, and it climbed 3.47 percent to Rs 3,049.90 on the NSE.
The board of the company in a meeting declared "interim dividend at 3,500 percent - Rs 35 per equity share of face value of Re 1 each - for the financial year 2019-20," Britannia Industries said in a regulatory filing on Thursday.
The maker of Good Day and Tiger biscuits said that the record date for the purpose of determining the entitlement of the shareholders for the interim dividend is May 2, 2020.
The interim dividend will be paid to the shareholders before 23 May, 2020.
On Thursday, the FMCG major declared an interim dividend of Rs 35 per share for 2019-20 financial year.
The board of the company in a meeting declared "interim dividend @3500% i.e., Rs 35/- per equity share of face value of Re 1/- each for the financial year 2019-20," Britannia Industries said in a regulatory filing.
The 30-share BSE Sensex jumped 1,028.28 points to 57,817.09 in early trade. The broader NSE Nifty rallied 320.3 points to 17,207.65
All the 30-share Sensex pack of firms were trading in the green in early trade, with IndusInd Bank, Bajaj Finserv, Bajaj Finance, Axis Bank, ICICI Bank, Larsen & Toubro and Tata Steel emerging as major winners
The 30-share BSE Sensex declined 227.93 points to 59,491.81 in initial trade. The NSE Nifty went lower by 55.05 points to 17,761.20. However, later both the benchmark indices turned choppy