Adani Ports gains 1.5% after board declares interim dividend of Rs 3.2

In the past one month, shares of the company have slipped over 5.5 per cent while benchmark Nifty50 has declined around 7 per cent.

Adani Ports and Special Economic Zone (APSEZ), the leading ports and logistics company, surged over 1.5 per cent on Thursday after the company's Board of Directors declared an Interim Dividend of Rs 3.20 per equity share. 

"The Board of Directors of the Company at its meeting held on March 4, 2020, has declared an Interim Dividend of Rs 3.20 (160 per cent) per equity share of Rs 2 each for the financial year 2019-20," Adani Ports said in its press release. 

Record date for the payment of interim dividend has been fixed on March 17, 2020. The said interim dividend will be