Seylan announces scrip dividend

Wednesday, 24 February 2021 00:15 - - {{hitsCtrl.values.hits}}

Seylan Bank has announced a first and final dividend of Rs. 1.50 per share in the form of scrip for the financial year ended 31 December 2020 for both voting and non-voting shareholders.

At present, Seylan has 256.7 million voting and 260.3 million non-voting shares. On this basis, the number of shares to be issued as per Rs. 1.50 per share scrip dividend will be 7.55 million (voting) and 9.6 million (non-voting).

The proportion with which the shares are to be issued will be 1 for 34 (voting) and 1 for 27 (non-voting).

The closing price of Seylan Bank voting share as of 19 February was Rs. 51 and non-voting was Rs. 40.60.

The scrip dividend is subject to shareholder approval at the AGM.

Seylan Bank records Rs. 3 b PAT in 2020

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