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Clariant Chemicals hits record high on interim dividend of Rs 140 per share

The stock surged 6% to Rs 1,149 on BSE.

Clariant Chemicals

SI Reporter Mumbai
Clariant Chemicals (India) has surged 6% to Rs 1,149, also its record high on the BSE, after the company announced an interim dividend of Rs 140 per share.

“The board of directors of the company at its meeting held on January 12, 2015, considered and declared interim dividend of Rs 140 per share of face value of Rs 10 each to the shareholders of the company for financial year 2015, out of the profits and surplus carried forward from the financial year 2014,” Clariant Chemicals said in a statement.

The board has approved January 20, 2015 as Record Date for the purpose of payment of interim dividend and such dividend will be paid on or after January 21, 2015, it added.

The stock opened at Rs 1,075 and hit a low of Rs 1,030 on BSE in early morning trade. The trading volumes on the counter more than doubled with a combined 278,622 shares changed hands on BSE and NSE.

Meanwhile, in past one week, the stock has rallied 21.5% from Rs 946 on January 6, as compared to 2.1% rise in the benchmark S&P BSE Sensex.

 
 

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First Published: Jan 13 2015 | 12:04 PM IST

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