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The Cochin International Airport Ltd (CIAL) has declared 17 per cent dividend for the financial year 2012-13.
Managing Director V.J. Kurian said the entire dividend warrants have been dispatched to all the shareholders. CIAL now has 17,844 shareholders and the paid up equity capital as on date is Rs 306.06 crore.
With the payout of the dividend, the company has repaid to shareholders more than the paid-up capital. The company, which declared dividend from 2003-04, has cumulatively paid out 114 per cent as dividend, Kurian said.
According to him, the Kerala Government, both Central and State public sector companies that invested in CIAL, nationalised and private sector banks and other shareholders have received more than their investment in CIAL.
The State government, which has Rs 98.68 crore stake in CIAL, has got back more than Rs 100 crore in dividend.
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