Dividends

Here is the complete list of stocks that will trade ex-dividend next week, along with key details of their dividend announcements

The government's dividend was, however, up 35 per cent year-on-year in FY24 from Rs 61,409 crore a year ago

The government is working to amend its 2016 guidelines with regard to dividend payment, bonus issues and share buyback by CPSEs, officials said. The finance ministry had in May 2016, issued a comprehensive guidelines on 'Capital Restructuring of Central Public Sector Enterprises (CPSEs)' in 2016 for efficient management of government investment in CPSEs. "With the CPSEs now more strong in terms of balance sheet and having improved on their market capitalisation, it is now time for a relook of the capital restructuring guidelines," an official told PTI. The amended guidelines are expected to be issued by the finance ministry this month, another official said. As per the capital restructuring guidelines issued, CPSEs that do not have plans to deploy their capital optimally for business purposes should have a professional look at the surplus funds available to them. As per the guidelines issued by the Department of Investment and Public Asset Management (DIPAM) in May 2016, every CPS

During the financial year 2021-22, the IEPFA settled 26,044 claims and distributed 61,21,291 shares and dividends worth Rs 10,85,53,066 to the rightful claimants

A Dhaka court on Wednesday indicted Nobel Laureate Professor Muhammad Yunus and 13 others for embezzling more than USD two million from the dividends of the employees of a telecom company. Judge Syed Arafat Hossain of Dhaka Special Judge Court 4 rejected a plea for the dismissal of charges by the accused and ordered the indictment. Judge Hossain read out the charges as Dr Yunus and the co-accused were on the dock and fixed the date for starting the trial hearing on July 15, a prosecution lawyer said. Counsels for Yunus, 83, and the 13 others accused all currently on bail pleaded not guilty and demanded exemption of the clients but the court rejected the plea saying the charges brought against the accused were primarily proved and thus, charges were framed against them. Yunus was awarded the Nobel Peace Prize in 2006 for pioneering microcredit to help impoverished people, especially women, while the Grameen Bank, which he had founded, also secured the prize on the same occasion.

Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt Ltd has approved Rs 3.94 per unit distribution to ordinary unitholders aggregating Rs 508 crore for Q4 FY24. The per unit distribution comprises Rs 1.79 as interest, 20 paise as dividend, Rs 1.94 as repayment of SPV loan and 1 paisa as treasury income, it said in a statement. "The Board of Directors of the Investment Manager has declared a distribution per unit (DPU) of Rs 3.94 to ordinary unitholders, amounting to a total distribution amount of Rs 508 crore," the statement said. The trust said the annual DPU of Rs 10.09 declared for FY24 comprises Rs 7.10 per unit as interest, 99 paise as dividend, Rs 1.94 as repayment of SPV loan and 6 paise as treasury income. Cube InvIT CEO Vinay Sekar said,"We plan to acquire seven more road assets, subject to requisite regulatory and unitholder approvals, of which six are based on NHAI's Hybrid Annuity Model where the revenues are not contingent on traffic and hence would contrib

Country Garden, once China's biggest developer, is among the builders that have been engulfed in the nation's property crisis, denting Yang's empire

40 per cent of respondents surveyed by BofA (62 per cent in December 2023) now expect bond yields across the globe to head lower in the next 12 months

The earnings set the stage for what could be a more difficult 2024 for banks, with possible interest rate cuts later this year eroding the interest income that has proven a boon to banks

It has never happened that the budget estimate for dividends from such companies has failed

So far this fiscal, India has received Rs 43,800 crore in dividends from state-owned firms, according government data.

Life Insurance Corporation of India (LIC) on Thursday presented a dividend cheque of Rs 1,831.09 crore to Finance Minister Nirmala Sitharaman. LIC Chairman Siddhartha Mohanty presented the dividend cheque as the government's share of dividend in the presence of Department of Financial Services Additional Secretary MP Tangirala, the insurer said in a statement. The dividend was approved by the shareholders in the annual general meeting held on August 22, it said. LIC has completed 67 years since its incorporation and beginning with an initial capital of Rs 5 crore in 1956, LIC as of March 31, 2023, has an asset base of Rs 45.50 lakh crore with a life fund of Rs 40.81 lakh crore, it noted. Despite two decades of opening up of the insurance sector, LIC continues to be the market leader in the Indian life insurance market, the statement claimed.

Improving outlook stokes optimism of higher payouts

12 PSBs paying equity dividend of Rs 21,000 crore, up 53% from Rs 13,710 crore for FY22

RBI dividend payout: In 2021-22, it had transferred Rs 30,307.45 crore to the Centre

The RBI board is set to meet on Friday as early signs of slowing growth emerge with elevated interest rates and falling global demand

The dividend receipts from CPSEs grew more than 37 per cent to Rs 58,988 crore against the Revised Estimates (RE) target of Rs 43,000 crore

Capital markets regulator Sebi has notified new rules for asset management companies (AMCs) pertaining to transfer of dividend and redemption proceeds to mutual fund unitholders. Under this, every mutual fund and asset management company would be required to transfer to the unitholders the dividend payments and the redemption or repurchase proceeds within a period specified by Sebi, the regulator said in a notification made public on Thursday. In case of failure to transfer the proceeds within the specified period, the AMC would be liable to pay interest to the unitholders for the period of such delay. "Notwithstanding payment of such interest to the unit-holders...the asset management company may be liable for action for failure to transfer the redemption or repurchase proceeds or dividend payments within the stipulated time," Sebi said. It further said that physical despatch of redemption or repurchase proceeds or dividend payments would be carried out only in exceptional ...

The Central government has received Rs 197 crore, Rs 48 crore, and Rs 10 crore from Uranium Corporation of India Ltd, KIOCL and Shipping Corporation of India (SCI), respectively, as dividend tranches

LIC Board sets August 26 as record date for dividend payment, approves investment in proposed rights issue of LIC (Nepal) Ltd