trending Market Intelligence /marketintelligence/en/news-insights/trending/-a3KNhLeIhDvO8GqaDvDkQ2 content esgSubNav
In This List

India's Rural Electrification lowers final dividend

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


India's Rural Electrification lowers final dividend

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.