Today 21st February 2011, the Seylan Bank PLC announced to the Colombo Stock exchange, the company has declare the First and Final Dividend of Rs.1 per Voting and non Voting shares. This dividend is for the financial year of 2010.
The Above Dividend announcement subjective to the shareholders approvals on 30th march 2011.
Further the company says the Ex dividend date will be 31st March 2011and the payment will be on 8th April 2011.
Today share Price trend
Today 21st February 2011, the markets open the price on Rs.91.30 and closed by Rs.90.20. the day trends was Rs.89.20 to Rs.94.40.
As compare to the other banks. the dividend is not good enough, but we can assume the Seylan Bank PLC may involve in the future development; therefore the dividend is lesser compare to the other banks in industry.