Page 14 - Dividend

Govt receives Rs 5,091 cr from Indian oil corp as dividend tranche

The government has received about Rs 5,091 crore from Indian Oil Corp as dividend, the Department of Investment and Public Asset Management (DIPAM) said on Thursday. The "Government has received about Rs 5,091 crore from Indian Oil Corporation Ltd (IOCL) as dividend tranche," DIPAM Secretary Tuhin Kanta Pandey said in a post on X. During the current financial year 2024-25, so far Rs 10,604.74 crore has been obtained through dividend from the CPSEs. This include Rs 40 crore from Electronics Corporation of India Ltd (ECIL), Rs 554 crore from Power Finance Corp, and Rs 3,443 crore from Telecommunications Consultants India Ltd (TCIL) as special dividend. In the current fiscal, the government has budgeted to collect Rs 56,260 crore as dividend from public sector enterprises, up from Rs 50,000 crore in 2023-24 fiscal. Separately, country's largest insurer Life Insurance Corporation (LIC) has paid a dividend of Rs 3,662.17 crore for FY2023-24. "Smt @nsitharaman receives a dividend chequ

Dividend alert! These 8 stocks turn ex-date today; do you own them?

A dividend is a portion of a company's profits paid to shareholders, typically expressed as a dividend per share. Here's the list of stocks trading ex-dividend today

Dividend, Right Issue: Hindustan Zinc, 12 other stocks turn ex-date today

Dividend, often considered an additional source of income for shareholders, refers to a portion of a company's profit that the company distributes among its shareholders

CIL's contribution to govt exchequer rises 2% to Rs 20,072 cr in Apr-Jul

Coal India's contribution to govt exchequer rises 2 pc to Rs 20,072 cr in Apr-July

Dividend, share-buyback: These stocks turn ex-date today; are you eligible?

Dividend, share-buyback today: The ex-date is when a stock begins trading without the entitlement to dividends, bonus shares, or buyback offers, as the case may be

Dividend, Buyback today: These stocks will trade ex-date; Check FULL list

Traders will be closely watching Dhruv Consultancy Services, and Manappuram Finance as their shares will trade ex-dividend today

Investors' glee! 14 stocks to trade Ex-Date next week for Dividend, Buyback

Here is a list of stocks that will trade ex-date in the next week for several corporate actions, including dividends, and share buybacks

Home Minister Shah receives Rs 19.08 crore dividend from Repco Bank

A cheque for Rs 19.08 crore was received by Union Home Minister Amit Shah on Thursday as dividend of the Repco Bank, a Government of India enterprise functioning under the administrative control of the Ministry of Home Affairs. Shah congratulated the Repco Bank on achieving the remarkable feat of registering a stellar 11-per cent growth rate in the financial year 2023-24. "Today, on behalf of the MHA, received a cheque for Rs 19.08 crore from the Chairman of Repco Bank, Shri E Santhanam, and the Managing Director, Shri O M Gokul, as a dividend on the Government of India's share capital. The bank, under the administrative jurisdiction of the MHA, has proven what commitment to serving the nation can achieve," the home minister said in a post on X.

Pfizer surges 3% as investors cheer 350% dividend announcement; details

The northward movement in the rally follows the announcement of a whopping 350 per cent dividend, or Rs 35 per share, for FY24

Tobacco stock soars 26% in 1 week on 2800% dividend bounty; rises 8% today

BSE analytics reflect that the company's shares have sprinted 164.57 per cent year-to-date, while in the last six months they have yielded a return of 107.94 per cent

Dividend, Bonus, Buyback: 11 stocks to trade ex-date next week; Check LIST

Here is a list of stocks that will trade ex-date in the coming days for several corporate actions, including dividends, bonus issues, and share buybacks

Hindustan Zinc plans special dividend payout of Rs 8,000 cr to shareholders

Vedanta group firm Hindustan Zinc Ltd (HZL) plans to dole out a special dividend payout of Rs 8,000 crore to its shareholders in the current fiscal, according to sources. HZL's board is likely to meet on Tuesday to consider and approve the special dividend payment for this fiscal, they said. "Of this, around 30 per cent or Rs 2,400 crore may go to the Centre contributing to its non-tax revenues for the fiscal," sources in the know of the development said. The move follows the National Company Law Tribunal's (NCLT) approval to transfer Rs 10,383 crore of general reserves to its retained earnings. This special dividend will be over and above the regular dividend of around Rs 6,000 crore, which HZL doles out every year. Apart from the government, this will also benefit promoter Vedanta Ltd, which holds around 65 per cent stake in HZL, and will receive around Rs 5,100 crore, which it may use to further de-leverage its balance sheet. Vedanta will also be selling up to a 3.31 per cent

Hindustan Zinc dips 4% as Vedanta board okays 2.6% stake sale via OFS

Meanwhile, Hindustan Zinc has dismissed rumours of Rs 6,000 crore worth special dividend.

Hindustan Zinc clarifies on reports of Rs 6,000 crore special dividend

Hindustan Zinc Limited said it was 'unable to comment' on media speculations of declaring a special dividend amounting to Rs 6,000 crore

Top dividend yield stocks: Religare Broking picks best bets for investors

Religare Broking has filtered the list of top dividend-paying companies based on their fundamental strength and selected 10 stocks

Power Finance Corp Q1 results: Net profit rises over 20% to Rs 7,182 cr

State-owned Power Finance Corporation on Tuesday posted over 20 per cent rise in its consolidated net profit to Rs 7,182.06 crore in June 2024 quarter compared to a year ago, mainly due to higher revenues. The company reported a consolidated net profit of Rs 5,982.14 crore in the quarter ended on June 30, 2024, a regulatory filing showed. Total income rose to Rs 24,736.68 crore in the quarter from Rs 21,017.81 crore in the same period a year ago. The company's board also approved declaration of an interim dividend at the rate of 32.50 per cent or Rs 3.25 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for FY25. Further, the company informed that August 30, 2024 (Friday) shall be reckoned as the 'record date' for ascertaining the eligibility of shareholders for payment of the interim dividend, which will be paid on or before September 5, 2024.

Symphony shares hit 20% upper circuit on strong Q1 results, buyback plan

The uptick in the stock price came after the company posted a strong set of numbers in the June quarter. The board also announced a dividend and share buyback, which further fuelled the stock rally.

Intel to lay off nearly 17,500 workers, suspend dividend in turnaround push

Intel, which employed 116,500 people as of June 29, excluding some subsidiaries, said the majority of the job cuts would be completed by the end of 2024

RBI pulls up UCBs creating Dividend Equalisation Fund for payments

Gives one time permission to transfer corpus to reserves

Four PSU banks present dividend cheques worth Rs 6,481 cr to govt

Four public sector banks, including Canara Bank and Indian Bank, on Wednesday presented dividend cheques worth Rs 6,481 crore to Finance Minister Nirmala Sitharaman for financial year 2023-24. "Smt @nsitharaman receives a dividend cheque of Rs 2,514.22 crore for FY 2023-24 from Shri Debadatta Chand, Managing Director & CEO -@bankofbaroda," the finance ministry said in a post on X. Similarly, a dividend cheque of Rs 1,838.15 crore was handed over by Canara Bank MD and CEO K Satyanarayana Raju. Chennai-based Indian Bank paid a dividend cheque of Rs 1,193.45 crore for 2023-24. Bank of India too paid a dividend of Rs 935.44 crore and the cheque was presented by its MD and CEO Rajneesh Karnatak. In addition, Mumbai-based financial institution EXIM Bank presented a dividend cheque of Rs 252 crore for 2023-24.