Ceat Declares Dividend Of Rs 11.50 Per Share

Auto tyres and rubber products manufacturer, Ceat Ltd., has recommended a dividend of Rs 11.50 per equity share of face value of Rs 10 each, fully paid up for the financial year ended on Mar 31, 2017.

The dividend will be paid to the shareholders within 30 days of the declaration of the same.

The company has also approved the audited financial results, both standalone & consolidated, for quarter and year ended on Mar 31, 2017.

The stocks of the company are currently trading in negative territory, down by 22.65 points at Rs 1521 per share on BSE. The stock has outperformed BSE Mid cap index and underperformed BSE Auto index on a yearly basis. BSE Auto index is trading over 193 points or 0.85% at 22827 levels at 02:25 IST.

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