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BSE raises dividend for fiscal 2018

Indian stock exchange BSE Ltd. raised its dividend for the fiscal year ended March 31.

The company declared a dividend of 36 rupees per share for the fiscal period, consisting of a final dividend of 31 rupees per share and an interim dividend of 5 rupees per share. The exchange declared a dividend of 28 rupees per share in the fiscal year ended March 2017.

BSE will pay the final dividend, which is conditional upon shareholder approval, on or before Aug. 31 to shareholders on record as of July 26.

As of May 4, US$1 was equivalent to 66.86 Indian rupees.