Stocks

Britannia Industries shares rise over 3% on dividend announcement

PTI New Delhi | Updated on April 24, 2020

Shares of Britannia Industries on Friday jumped over 3 per cent after the company declared an interim dividend ₹35 per equity share of face value of ₹1 each.

The scrip rose 3.23 per cent to ₹3,043.60 on the BSE, and it climbed 3.47 per cent to ₹3,049.90 on the NSE.

The board of the company in a meeting declared “interim dividend at 3,500 per cent - ₹35 per equity share of face value of ₹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 May 23, 2020.

Published on April 24, 2020

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