Indian Bank at its meeting held on May 12, 2014, has recommended final equity dividend of Rs 1.70 (17 percent) per Equity Share of face value of Rs 10 each.
Indian Bank has informed BSE that the Board of Directors of the Bank at its meeting held on May 12, 2014, inter alia, has recommended payment of dividend for the year 2013-14 on the Equity and Perpetual Non-Cumulative Preference Shares of the Bank as detailed below, subject to declaration of the same by the shareholders of the Bank in the ensuing Annual General Meeting:1. Final Equity Dividend of Rs. 1.70 (17%) per Equity Share of face value of Rs. 10/- each.2. Dividend on Perpetual Non-Cumulative Preference Shares (PNCPS) at 9.00% p.a. for the period from April 01, 2013 to September 30, 2013 and at 8.50% p.a. for the period from October 01, 2013 to February 28, 2014 (i.e.) fill the date of conversion of PNCPS into equity shares.The final equity dividend, if declared at the ensuing Annual General Meeting, will be paid within 30 days from the date of the Annual General Meeting.Source : BSE
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