Ujjivan Financial Services’ Board Recommends 8% Dividend

Ujjivan Financial Services, on Friday, announced that the company's board of directors in their meeting held on April 27, 2017, have recommended a dividend at the rate of 8% or Rs 0.80 per equity share, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM).

The company also said that the dividend, if approved by the shareholders will be paid after the AGM date.

The stocks on the NSE at 09:40 hours is trading at Rs 391 per share, lower by Rs 11.65 per share or 2.8%. The stocks has hit its 52-week high of Rs 547.50 on July 28, 2016; and its 52-week low of Rs 216.55 on May 10, 2016.

Ujjivan Financial Services Limited, formerly Ujjivan Financial Services Private Limited, is a non-banking finance company, engaged in the micro finance lending business.

The company's products and services include microfinance, micro and small enterprise business (MSE) finance, agriculture and animal husbandry finance and housing finance.

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About Suhani Varma