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Marico dividend: Marico declares interim dividend of Rs 4.50 per share


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NEW DELHI: FMCG major Marico on Wednesday said its board has declared a second interim dividend of Rs 4.50 per equity share for FY2020-21.
The board of directors of the company at its meeting. approved the declaration of second interim equity dividend for the financial year 2020-21 of Rs 4.50 per equity share of Rs 1 each, being 450 per cent on the paid-up equity share capital of Rs 129.13 crore, Marico said in a regulatory filing.
Shares of Marico closed 0.52 per cent higher at Rs 408.60 apiece on the Bombay Stock Exchange (BSE) on Wednesday.
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Trading calls by Ajit Mishra of Religare Broking: Buy Axis Bank, Marico


Target:1,210
Stop loss: 1,050
Shriram Transport Finance has surpassed the hurdle of the previous swing high around 1,108 levels in Tuesday s trade. It has been consistently moving higher after testing the support zone of the short term moving average (50 EMA) on the daily chart. The recent buoyancy in the financial space is pointing towards the prevailing bias to continue ahead as well.
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Disclaimer: Ajit Mishra is VP - Research at Religare Broking
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Recovery in core portfolio, international biz boost Marico's share price


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