9th February 2011, Kelani Valley Plantations PLC announced Colombo Stock Exchange; the company has declared the First and Final Dividend of Rs.4.00 per Share.
This Dividend for the financial year end 2010. The dividend is liable to 10% Dividend tax.
The company further says the AGM will be on 31st march 2011 and gets approvals for the above dividend announcement. If it’s accepted, dividend payment will be on 11th April 2011.
About Kelani Valley Plantations PLC
The Kelani Valley Plantations PLC established on 1992 and quoted cse on 1996. The company is in the business of production and processing of tea & rubber.
Dividend and share Price of Kelani Valley Plantations PLC
The dividend of Rs.4.00 per share is a good dividend to the investor compare to the other companies in Colombo Stoke Exchange. The dividend announcement creates the confident to the shareholders that company is performance.
The shares price closed yesterday at 197.70[9th February 2011]. The Dividend is almost 2% of the market value.