Shares of Asian Paints last settled 0.02 percent lower at Rs 2,556.10 each on the BSE.Leading paint maker Asian Paints signed up a net earnings of Rs 870 crore in the January-March quarter of the fiscal year 2020-21, compared to Rs 480 crore in the corresponding quarter of the previous fiscal, marking a surge of 84 percent growth year-on-year.
According to a regulative filing by the firm to the BSE, Asian Paint's board of directors recommended a last dividend of Rs 14.50 per equity share.
The company distributed its very first interim dividend of Rs 3.35 per equity share in November 2020 for the fiscal year 202-21.
According to the declaration, the overall dividend of Rs 17.85 per equity share was distributed for financial 202-21, and the dividend payout ratio was 56.1 per cent.On Wednesday, Might 12, shares of Asian Paints settled 0.02 percent lower at Rs 2,556.10 apiece on the BSE.