Noida Toll Bridge Company Declares Dividend

Noida Toll Bridge Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 04, 2011, has approved an interim dividend of 5% (Rs. 0.50 per Equity Share of Rs. 10/- each) to the equity shareholders of the Company, for the Financial Year 2011- 2012.

The stock noida toll bridge is currently trading at 22.80 on bse down 3% in todays market.

The dividend comes to around 2% of the current stock prince. One can take small position in noida toll bridge stock for a target of 25 in one to two months time.