2 mins read . 08 May 2024 . 11:49 AM
The Board of Directors of Oriental Infra Trust has announced a final dividend of 3.79 rupees per equity i.e. 3.79%, subject to the approval of shareholders of the company. The company announced its annual general meeting held on May 7.
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Companies usually declare their final dividend at their annual general meeting (AGM) for the given fiscal year. The amount is decided after all year-end financial results are recorded and the directors are made aware of the company’s profitability and financial health. Following this, the company chooses to retain some portion for business needs. At the same time, the remaining amount is distributed amongst shareholders as the final dividend.