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Home > Business > PTI > Report

Mittal Steel declares interim dividend of $0.125 per share

November 16, 2006 19:34 IST

Mittal Steel Company NV announced on Thursday an interim dividend of $0.125 per share for its European and New York Stock Exchange shareholders.

The cash dividend would be payable from December 15, 2006 to the Euronext Amsterdam, Euronext Brussels, Euronext Paris, Luxembourg Stock Exchange and Spanish Exchanges shareholders, who would hold shares in the company as of November 28, Mittal Steel said in a release.

A similar dividend would be payable to NYSE shareholders, who would hold the requisite shares as of December 1, 2006, the company release said.

The shares would be traded ex-dividend starting November 29.

European shareholders would receive $0.125 per share in Euros, based on the ECB exchange rate on Nov 29, 2006, NYSEX shareholders would receive $0.125 per share, both payable from December 15, 2006 onwards.

On payment of the cash, dividend 25 per cent dividend tax would be withheld, it added.

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