ABB India contemplates interim dividend
The board of Directors of ABB India Ltd. recommended an interim dividend of Rs. 4.80 per share on 211,908,375 equity shares of face value of Rs. 2 each fully paid up for the year ended December 31, 2018.
The 69th Annual General Meeting of the company is scheduled on May 8, 2019 in Bengaluru.
The register of members and share transfer books of the company will remain closed from May 2, 2019 to May 8, 2019 (both days inclusive).
If the decision to pay the dividend is finalized during the meeting, then the same will be paid on and from May 10, 2019 to those members who hold shares in physical form and whose name appears on the company’s register of members as holders of equity shares on May 1, 2019, and in respect of shares held in electronic form, to the beneficial owners of the shares as at the close of business hours on May 1, 2019 as per details to be furnished by National Securities Depository Ltd. and Central Depository Services (India) Ltd.
On Friday, the shares of ABB India Ltd. opened at Rs. 1,245.00, and hit a high and low of Rs. 1,259.50 and Rs. 1,232.50, respectively. The stock closed at Rs. 1,240.50, up 0.86 per cent.