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Manappuram Finance raises fiscal-year dividend

Manappuram Finance Ltd. raised its total dividend for the fiscal year ended March 31 to 2 Indian rupees per share from 1.8 rupees per share in the year-ago period.

For the full year, the company declared a quarterly dividend amounting to 50 paise per share for each quarter, up from 45 paise per share each quarter paid in the fiscal year ended March 31, 2016, according to its 2016 annual report.

As of May 26, US$1 was equivalent to 64.50 Indian rupees.