TVS Motor shares surge 4% after declaring Rs 10 dividend for shareholders
TVS Motor share price surged in March 21 trade after the company declared an interim dividend for the financial year ending 31st March 2025.
Shares of TVS Motor Company touched an intraday high of Rs 2,444.15 per share on the NSE, rising 4.15 percent. The stock has been gaining for the last five trading sessions and is up nearly 8 percent in the period.
A meeting of the board of directors of the company was held on March 20 to declare an interim dividend of Rs 10 per share of Re 1 each, absorbing a sum of Rs. 475 Cr, for the financial year ending 31st March 2025, the company said in an exchange filing.
The dividend payment will be made within a period of 30 days from the declaration of interim dividend, the company said.
