India's Rural Electrification Corp. Ltd. lowered its final dividend for the fiscal year ended March 31.
The company said May 28 that its board recommended a dividend of 1.75 rupees per share for fiscal 2017-2018, down from 2.65 rupees per share for the prior fiscal year.
Including an interim dividend of 7.40 rupees per share, the company's total dividend for the fiscal year amounts to 9.15 rupees per share, down from 9.65 rupees per share for the prior fiscal year.
As of May 28, US$1 was equivalent to 67.43 Indian rupees.
