All PSEs will declare a minimum dividend on equity of 20 per cent or a minimum dividend payout of 20% of PAT whichever is higher

In terms of extant instructions all profit making Public Sector Enterprises (PSEs), which are essentially commercial enterprises, subject to specific guidelines issued from time to time, will declare a minimum dividend on equity of 20 per cent or a minimum dividend payout of 20% of post-tax profits (PAT), whichever is higher, subject of availability of disposable profits. In respect of Oil, Petroleum, Chemical and other infrastructure sectors this amount would be 30%. Besides, profit making companies with large cash surpluses and without firm plans for reinvestment shall declare special dividends.

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