The board of directors of TVS Motor Company, at its meeting held on March 11, declared a second interim dividend for the financial year ending March 31, 2019, at the rate of ₹1.40 per share (140 per cent) on 47,50,87,114 equity shares of ₹1 each fully paid up, totalling a sum of ₹79.7 crore, including dividend distribution tax (DDT). The second interim dividend will be paid on or after March 22, 2019. The stock of TVS Motor Co surged 3.7 per cent on Monday to close at ₹506.8 on the BSE.