Lloyd Electric Announces Total Dividend Of Rs 21.50 Per Share

Lloyd Electric & Engineering on Tuesday informed that the board of directors of the company at its meeting held on May 30, 2017, has recommended a final dividend of Rs 1.50 per equity share of the face value of Rs. 10 each (15%) for the financial year 2016-17.

The company also declared a special dividend of Rs 20 per equity share of the face value of Rs 10 each (200%) out of proceeds of the consumer durables business, as per BSE filing.

The company posted a standalone net profit of Rs 22.56 crore for the quarter ended March 31, 2017, as against Rs 9.71 crore in the same quarter of the previous year.

Meanwhile, Lloyd Electric is up by 5.9% at Rs 246.25 per share at 10:15 hours IST on BSE. It has touched a high of Rs 255 and a low of Rs 245.55 so far.

Lloyd Electric & Engineering Limited manufactures evaporators and condenser coils for air conditioners, and heat exchangers/radiators.

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