The company announced interim dividend of Rs. 0.20 per Share. The interim dividend is for the financial year 2010/ 2011.
The company feather says the payment will be on 14th February 2011.
About Vallibel Power Erathna PLC
The Vallibel Power Erathna PLC established in 2001 and Quoted to share market at 2006. The company is the business of generate and supply electric Power to the nation grid.
As per the Dividend announcement of Rs. 0.20 per share and the Share price traded yesterday as Rs. 10.20.
Comparability the dividend is 2% of the price. But the dividend announcement will create the confidence to the investors to invest more.