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47 companies' board meet to declare interim dividend today

Reliance Ind, Hero MotoCorp, Shree Cement and Torrent Power board will meet today to consider interim dividend on equity shares of the company for FY16

Interim Dividend

SI Reporter  |  Mumbai 

Stock Dividend
Image via Shutterstock

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 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 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

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First Published: Thu, March 10 2016. 10:12 IST