New Delhi: The Board Of Directors of real estate major DLF has recommended a dividend of Rs 2 each for each equity share (100%) of the face value of Rs 2 each for financial year 2018-19. This proposal by the Board will be presented to the shareholders for their approval in the coming Annual General Meeting (AGM).
“The company has fixed Tuesday, the 23rd July 2019 as the Record Date for determining entitlement of shareholders for dividend for the FY 2018-19, subject to the approval of the shareholders at the AGM to (i) all beneficial owners of shares held in dematerialized form, as per list received from the depositories on 23rd July 2019 and (ii) to all members whose names appears on the register of members on 23rd July 2019” the company said in a regulatory filing to the Bombay Stock Exchange (BSE).
If the dividend is approved by the shareholders, the same will be paid to them by 29th August 2019, the company said.