The Hindu Business Line : Sakthi Fin special interim dividend

Sakthi Finance equity shareholders have something to cheer about. The board, after being off the dividend list since 1998, has decided to reward its equity shareholders by declaring a special interim dividend of Rs 0.50 per share for the year 2006-07. The outgo on this account is expected to be Rs 100.35 lakh. The company said in a release it had, between 1998 and 2006, followed a policy of ploughing back available profits to augment its owned funds and sustain future growth. Its business volumes had in recent years grown and touched new peaks in the current fiscal.

The board therefore decided to reward its shareholders by declaring the special interim dividend this year, which also marks the completion of the Golden Jubilee year of the company. The record date for determining the eligibility for receiving the interim dividend has been fixed for March 5.

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