Dividend Dues

Here is the complete list of stocks that will turn ex-dividend tomorrow, tomorrow, Thursday, November 14, 2024, along with key details

The Centre's dividend receipts from CPSEs have exceeded the revised budget estimate by 26 per cent to about Rs 63,000 crore, with PSU behemoths like Coal India, ONGC, Powergrid and GAIL making handsome payouts in the current fiscal. The revised estimates of the Budget presented in Parliament on February 1 pegged dividend receipts from CPSEs at Rs 50,000 crore for the current fiscal. The actual dividend collections have been about 26 per cent higher at Rs 62,929.27 crore in the 2023-24 fiscal ending March 31, 2024, as per the Department of Investment and Public Asset Management (DIPAM) website. In March, the government received hefty dividend tranches from ONGC (Rs 2,964 crore), Coal India (Rs 2,043 crore), Power Grid Corporation of India (Rs 2,149 crore), NMDC (Rs 1,024 crore), HAL (Rs 1,054 crore) and GAIL (Rs 1,863 crore). In the last fiscal (2022-23), dividend receipts stood at Rs 59,952.84 crore. Higher dividend is a reflection of the robust financial performance of CPSEs duri

Any delay in dividend payment beyond seven working days to attract interest charge at 15% a year; investors to get redemption money within three working days, from 10 earlier

Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.

Payout has fallen for most firms except TCS in FY20 as companies looked at conserving cash

Paid $88 mn in the months from December to March out of pending dues of above $535 mn, says OVL MD