TVS Motor board approves second interim dividend of 140%

TVS Motor Company Monday said its board has approved second interim dividend of Rs 1.40 per share (140 per cent) on 47,50,87,114 equity shares of Re 1 each for the financial year ending March 31, 2019.

The dividend, which entails an outgo of Rs 79.7 crore, will be paid on or after March 22, 2019 to eligible shareholders, TVS Motor Company said in a regulatory filing.

The company's board at its meeting held on October 23, 2018 had declared an interim dividend of Rs 2.10 per share (210 per cent) for 2018-19 entailing an outgo of Rs 120.28 crore, including dividend distribution tax.

Shares of TVS Motor Company Monday settled at Rs 506.80 on the BSE, up 3.78 per cent.

-PTI