Gulf Oil Lubes to pay 100% interim

Gulf Oil Lubricants has informed the Bombay Stock Exchange that the board of directors of the company at its meeting held on Thursday decided to pay an interim dividend of ₹2 an equity share on 4.95 crore equity shares of ₹2 each for the financial year 2014-15. This works out to 100 per cent on the face value of the equity shares of the company. The interim dividend will be paid to the eligible members of the company by October 24. The demerged lubricants entity of Gulf Oil Corporation was recently listed.