Page 13 - Dividend

Lupin soars 8%, hits over three-year high on heavy volumes

The stock surpassed its previous high of Rs 1,121.85 touched on September 2020 and was trading at the highest level since July 2017

Banks must halve their dividends to conserve capital in view of Covid: RBI

Banks could pay maximum 50% of dividend from their profits in 2020-21; no such restriction on cooperative banks

Sebi directive of April 1 may put the brakes on MF dividends in FY22

Operational and compliance challenges foreseen for fund houses in deducting tax at source, resulting in possible TDS mismatches and disputes with investors

Bajaj Auto amends dividend distribution policy to manage surplus funds

The Pune-based company, at the end of fiscal 2020, had cash and cash equivalent of Rs 13,972 crore.

A quick and simple guide on tax compliance ahead of the March 31 deadline

Apart from tax planning, you need to make sure you've paid your advance tax correctly and linked your Aadhaar to your PAN

Dividend rule: MF industry working with tax experts to arrive at a solution

MF industry grappling with diktat to segregate dividend as income and capital distribution

BEL pays Rs 174 crore interim dividend for FY 2020-21 to defence ministry

The firm paid the dividend to the defence ministry, according to an official statement

Mazagaon Dock pays interim dividend of Rs 92.56 cr to Defence Min for FY21

The company has declared interim dividend of Rs 109.11 crore at 54.10 per cent of equity capital for FY 2020-21, Government share being 84.83 per cent

HSBC lowers ambitions on dividends, returns after Covid-led profit fall

Citing the low interest rate environment and tough market conditions, HSBC abandoned its long-term profitability goal of achieving a return on tangible equity of 10 to 12 per cent

Hindalco jumps 4% as firm unveils capital allocation framework

The company expects to generate over $1-1.2 billion cash flow per annum post its normal working capital and maintenance capex

Global dividend payouts forecast to revive by as much as 5% in 2021

Janus Henderson's report warned that dividends could still fall 2% this year, in a worst-case scenario. But its best-case scenario sees 2021 dividends up 5% on a headline basis

Finance Ministry asks RBI to ensure a higher dividend for govt in FY22

RBI advises against any change in inflation goalposts, monetary policy targets

Nestle India shares decline 5% as December quarter results disappoint

Brokerage HDFC Securities in a results update said moderation in in-home consumption categories will impact key brands but revival in OOH will support growth

ArcelorMittal announces $1 billion cost savings plan, restarts dividend

ArcelorMittal said it had benefited from a gradual recovery in steel demand resulting in higher steel shipments and improved margins as well as a better mining performance

ABB India net profit slips 4% in Dec qtr, declares Rs 5/share dividend

ABB India on Wednesday reported over 4 per cent decline in its net profit to Rs 62 crore for December quarter

ITC hits new 52-week high, up 18% in 5 days; board to mull interim dividend

The stock jumped 4 per cent in Friday's intra-day trade to hit 52-week high of Rs 239 on the BSE

Majesco hits record high as Co's board approves interim dividend of Rs 974

Post monetisation of real estate, the Company will decide the best method for distribution of sale proceeds to shareholders, the company said.

Central bank's proposals on dividend payouts weigh on state-owned NBFCs

The RBI has proposed that the payouts from next financial year will depend upon factors such as capital adequacy, non-performing asset ratio and leverage ratio.

NBFCs with 15% CRAR for 3 years may be allowed to pay dividend: RBI

RBI has come up with a draft circular for declaration of dividend by NBFCs, wherein it has proposed that NBFCs should have at least 15% CRAR for the last 3 years

Heathrow to resume paying small dividend to shareholders from 2022

Heathrow said it would not pay dividends this year or next in return for leniency from its shareholders in a submission to the Civil Aviation Authority