The Property Development PLC announced to the Colombo Stock Exchange, that the company has planned to declare the First and Final dividend on Rs.2.00 per share. The dividend is for the financial year for 2010.
The Dividend needs to be approved by the shareholders by the AGM on 23rd March 2011.the Ex-Dividend date will be on 24th March 2011 and the payment will be on 1st April 2011.
About the Company
The Property Development PLC was established in 1980 and quoted in CSE by 1981. The Property Development PLC is in the business of Property development.
Share Price and dividend
The Property Development PLC traded CSE at the Price of Rs.52.00 per share yesterday. The Dividend of Rs.2.00 per share is a better dividend to the investors.
The Dividend is almost the 3.85% from the Share traded Price. It seems a better income to investor other than the Capital gains.