 "47 companies' board meet to declare interim dividend today")
Reliance Industries, Hero MotoCorp, Shree Cement and Torrent Power are among 47 companies of which board of directors will meet today to consider declaration of the interim dividend on equity shares of the company for current financial year 2015-16 (FY 2015-16).
The list also includes Bajaj Electricals, Great Eastern Shipping, Divis Laboratories, Jyothy Laboratories, Lovable Lingerie, VST Tillers Tractors and Welspun India.
Tomorrow, on March 11, the board of directors of as many as 51 companies will meet to consider the interim dividend, while on March 12 & March 14 nearly 30 companies will announce an interim dividend for FY2015-16.
The list includes, Bharat Forge, Force Motors, Hindustan Petroleum Corporation, Pidilite Industries, Eicher Motors, Mastek and TVS Motor Company.
In the span of eight days since the Union Budget, as many as 253 companies have called board meetings to declare interim dividends after the government in an unexpected move announced an additional 10% tax for those earning an annual dividend income of more than Rs 10 lakh.
Dividend income received by investors was already taxed through Dividend Distribution Tax.
In the Union Budget 2016-17, the Finance Minister said, "Dividend Distribution Tax (DDT) uniformly applies to all investors irrespective of their income slabs. This is perceived to distort the fairness and progressive nature of taxes. Persons with relatively higher income can bear a higher tax cost."
The list also includes Bajaj Electricals, Great Eastern Shipping, Divis Laboratories, Jyothy Laboratories, Lovable Lingerie, VST Tillers Tractors and Welspun India.
Tomorrow, on March 11, the board of directors of as many as 51 companies will meet to consider the interim dividend, while on March 12 & March 14 nearly 30 companies will announce an interim dividend for FY2015-16.
The list includes, Bharat Forge, Force Motors, Hindustan Petroleum Corporation, Pidilite Industries, Eicher Motors, Mastek and TVS Motor Company.
In the span of eight days since the Union Budget, as many as 253 companies have called board meetings to declare interim dividends after the government in an unexpected move announced an additional 10% tax for those earning an annual dividend income of more than Rs 10 lakh.
Dividend income received by investors was already taxed through Dividend Distribution Tax.
In the Union Budget 2016-17, the Finance Minister said, "Dividend Distribution Tax (DDT) uniformly applies to all investors irrespective of their income slabs. This is perceived to distort the fairness and progressive nature of taxes. Persons with relatively higher income can bear a higher tax cost."
| Dividend paid in FY15 ( in Rs) | ||
| Name | Record Date | |
| AIA Engineering | 18/03/2016 | 8.00 |
| Arihant Capital Markets | - | 0.75 |
| Astral Poly Technik | 18/03/2016 | 0.38 |
| Bajaj Electricals | 18/03/2016 | 1.50 |
| Bodal Chemicals | - | 0.00 |
| Borosil Glass Works | 18/03/2016 | 25.00 |
| Chembond Chemicals | - | 3.00 |
| Cheviot Co | 18/03/2016 | 17.00 |
| Cupid | 18/03/2016 | 1.50 |
| D B Corp | - | 7.75 |
| Dishman Pharma | 18/03/2016 | 2.00 |
| Divi's Labs | 18/03/2016 | 20.00 |
| G E Shipping | 18/03/2016 | 11.00 |
| Goldcrest Corporation | - | 1.25 |
| GPT Infraprojects | - | 0.00 |
| Hero MotoCorp | - | 60.00 |
| Hester Biosciences | - | 3.10 |
| Indoco Remedies | 15/03/2016 | 1.60 |
| Jenburkt Pharma | 18/03/2016 | 6.30 |
| Jyothy Laboratories | 18/03/2016 | 4.00 |
| Kanpur Plastipack | - | 1.20 |
| KCP | 18/03/2016 | 0.75 |
| Kirloskar Ferrous Inds | - | 1.25 |
| Kirloskar Industries | - | 20.00 |
| KRBL | 18/03/2016 | 1.70 |
| Linde India | 19/03/2016 | 1.50 |
| Lovable Lingerie | 18/03/2016 | 12.50 |
| Mold Tek Packging | 21/03/2016 | 4.00 |
| Mold Tek Technologies | 21/03/2016 | 3.50 |
| Noida Toll Bridge | 18/03/2016 | 3.00 |
| NRB Bearings | - | 1.50 |
| Poly Medicure | 18/03/2016 | 2.50 |
| Rane Holdings | 18/03/2016 | 7.50 |
| Reliance Industries | 18/03/2016 | 10.00 |
| Responsive Industries | 18/03/2016 | 0.10 |
| Rico Auto Industries | 18/03/2016 | 3.00 |
| S H Kelkar | - | 1.13 |
| Shoppers Stop | 18/03/2016 | 0.75 |
| Shree Cement | 18/03/2016 | 24.00 |
| Sudarshan Chem | - | 1.75 |
| Technocraft Industries | 18/03/2016 | 5.00 |
| Torrent Power | 18/03/2016 | 1.50 |
| Victoria Mills | - | 50.00 |
| Virat Crane Inds | 18/03/2016 | 1.00 |
| VST Tillers Tractors | 22/03/2016 | 15.00 |
| Welspun India | - | 10.50 |
| ZF Steering Gears | 18/03/2016 | 10.00 |
| Data compiled by BS Research | ||