Wipro declares 300 percent dividend

Global software major Wipro Ltd has declared a 300 percent total dividend at Rs.6 per share of Rs.2 par value per share for the last fiscal 2007-08.

In a notification to the stock exchanges Friday, the IT bellwether said the board of directors had recommended a final cash dividend of Rs.4 per share (200 percent) for the fiscal (FY 2008) under review.

With an interim dividend of Rs.2 per share (100 percent) declared for the first half (April-September) of last fiscal, the total divided is Rs.6 per share of the company's Indian equity share and its American Depository Share (ADS), listed on the New York Stock Exchange.



The dividend will be paid after the shareholders approval at the company's annual general meeting in July.

Indo-Asian News Service