The Talawakelle Tea Estates PLC announced to the Colombo Stock Exchange, that the company has planned to declare the First and Final dividend on Rs.2.50 per share. The dividend is for the financial year for 2010.
The Dividend needs to be approved by the shareholders by the AGM on 30th March 2011.the Ex-Dividend date will be on 31st March 2011 and the payment will be on 8th April 2011.
About the Company
The Talawakelle Tea Estates PLC was established in 1992 and quoted in CSE at 2000. The company is in the business of Cultivation & Manufacture of black tea.
Share Price and dividend
The Talawakelle Tea Estates PLC traded CSE at the Price of Rs.44.40 per share yesterday. The Dividend of Rs.2.50 per share is a better dividend to compare to the sectors in CSE.
The Dividend is almost the 5.63% from the Share traded Price. Therefore the investors to be happy to held the Talawakelle Tea Estates PLC shares and trading Talawakelle Tea Estates PLC shares.