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Sundaram Finance ups final dividend for fiscal 2017-2018

Sundaram Finance Ltd. raised its final dividend for the fiscal year ended March 31 to 7 Indian rupees per share from 6.50 rupees per share in the prior-year period.

Together with an interim dividend of 5 rupees per share, the company's total dividend for the fiscal year came to 12 rupees per share, up from the prior year's total dividend of 11.50 rupees per share.

The dividend, which is subject to shareholder approval, will be paid July 23 to shareholders on record as of July 5.

As of May 25, US$1 was equivalent to 67.80 Indian rupees.