Cheviot Co zooms 20% as firm announces special dividend of Rs 175 per share

The company has fixed July 16, 2021, as the record date fixed for the purpose of dividend

Shares of Cheviot Company were locked in the upper circuit of 20 per cent at Rs 960.60 on the BSE in Monday's session after its board recommended a special dividend of Rs 175 per equity share for the year ended March 31, 2021 (FY21), subject to the approval of the members at the ensuing annual general meeting (AGM) of the company. The company has fixed July 16, 2021, as the record date for the purpose of dividend.

The stock of the jute and jute products company was trading at its highest level since August 2018. Till 01:33 pm, around 9,283 equity