Page 18 - Dividend

RBI board expected to consider dividend payout to government on Friday

The government has budgeted to receive a total Rs 580 crore from the RBI and other financial institutions it holds stakes in

Tata Motors Q4 results: Net profit at Rs 5,407 crore, dividend declared

Tata Motors Q4 results: In Q4FY23 the revenue of Jaguar Land Rover (JLR) were up 49%

Vedanta Q4 results: Net profit falls 68% to Rs 1,881 cr, revenue down 5.4%

In FY23, it reported an all-time high consolidated revenue of Rs 1.4 trillion, up 11% YoY

TCS, HZL, CIL boost India Inc's dividend payout to record Rs 2.3 trillion

RIL, ONGC, SBI among key firms that are yet to declare final dividend for FY23

HSBC Holdings' shareholders dismiss call for strategy, dividend switch

About a fifth of voting investors backed the call for HSBC to report regularly on the possibility of carving out its Asian unit, while 19.2% supported lifting its dividend to its pre-pandemic level

Equitas Small Finance Bank Q4 results: Net profit rises 58% to Rs 190 crore

Equitas Small Finance Bank board approves dividend of Rs 1 per share

HDFC Q4 net profit up 19.5%, interim dividend of Rs 44 per share declared

HDFC Q4: The company's total revenue from operations was up 35.6% year-on-year (YoY) to Rs 16,679.43 crore

Tamilnad Mercantile Bank net profit up 11% in Q4 of FY23, expenditure rises

Board recommends final dividend of Rs 5 per equity share, in addition to interim of Rs 5 per share paid before

Bank of Maharashtra Q4 net profit more than doubles to Rs 840 crore

Bank has announced a dividend of Rs 1.3 per share with a face value of Rs 10

HDFC Bank recommends 1900% dividend from net profits of FY23

The dividend benefit was taken during the meeting held on Saturday during which HDFC Bank also fixed a record date for the said dividend

Top headlines: HDFC Bank recommends 1900% dividend, Sec 144 imposed in UP

Business Standard brings you top headlines at this hour

Anand Rathi Wealth Q4 profit rises 23% to Rs 43 cr; dividend Rs 7 per share

Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Wednesday reported a 23 per cent jump in its profit after tax at Rs 42.7 crore during the three months ended March 2023. In comparison, the company had posted a PAT (profit after tax) of Rs 34.6 crore during the same quarter of the preceding fiscal, Anand Rathi Wealth said in a regulatory filing. Total revenue rose by 28 per cent to Rs 146.8 crore during the period under review from Rs 114.6 crore in the quarter ended March 31, 2022. Feroze Azeez, Deputy Chief Executive Officer at Anand Rathi Wealth, attributed the robust quarterly numbers to a slew of factors including the addition of Relationship Managers (RMs). For the financial year 2022-23, the company's PAT has surged by 33 per cent to Rs 168.6 crore and total revenue increased by 31 per cent to Rs 558.3 crore. Moreover, the number of active client families went up by 18 per cent to 8,352. "This growth reflects the effectiveness of developing

Britannia Industries declares interim dividend of Rs 72 per share for FY23

Leading bakery foods company Britannia Industries on Tuesday announced an interim dividend of Rs 72 per equity share for FY 2022-23. The board of the company in its meeting held on Tuesday declared an interim dividend of 7200% i.e, Rs 72 per equity share of the face value of Re 1 each for 2022-23, Britannia Industries said in an exchange filing. The record date for determining the eligibility of shareholders for payment of Interim Dividend is April 13, 2023. For FY22, Britannia Industries declared an interim dividend of Rs 56.50.

Govt exceeds FY23 RE target of combined disinvestment, dividend mop up

The government has exceeded the revised estimates of collection from disinvestment and dividend combined in the current fiscal at Rs 94,282 crore. The revised estimates (RE) had pegged receipts from disinvestment and dividend at Rs 93,000 crore. In 2022-23, dividend receipts stood at Rs 58,988.34 crore and disinvestment receipts at Rs 35,293.52 crore. Together, the government has realised Rs 94,281.86 crore as disinvestment and dividend proceeds from CPSEs as on March 31, 2023. The Revised Estimate for disinvestment and dividend proceeds FY2022-23 is Rs 93,000 crore, which includes disinvestment mop up at Rs 50,000 crore and dividend of Rs 43,000 crore.

Vedanta announces 5th interim dividend; FY23 outflow Rs 37.7K crore

Dividend pay-out for the year at Rs 37,730 cr, the highest ever by the company

Vedanta board approves Rs 7,621 crore of interim dividend for FY23

Vedanta Ltd on Tuesday said its board has approved an interim dividend of Rs 7,621 crore for the current financial year. The company has fixed April 7 as record date for the purpose of dividend payment. "The Board of Directors at a meeting held on Tuesday, March 28, 2023 approved the fifth interim dividend of Rs 20.50 per equity share... on face value of Rs 1/per share for the financial year 2022-23 amounting to Rs 7,621 crore," according to a regulatory filing. The board also accepted the resignation of Ajay Goel from the post of Acting Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective from the close of business hours on April 9. Details about his successor will be announced in due course, the filing said.

Vedanta dividend: Decision on fifth payout today; check all details here

Vedanta dividend 2023: The company has already given four interim dividends totalling Rs 81 so far in the current financial year

Expected loss model: PSBs may seek pause on paying govt dividends

Sitaraman said banks' provisioning cover ratio was close to 75 per cent - the highest in about the last 25 years

Hindustan Zinc's $1.3 bn dividend plan raises concerns over cash use

The Rajasthan-based miner will pay an interim dividend of 26 rupees per share totaling 109.9 billion rupees, according to an exchange filing Tuesday

CPSE dividend crosses Rs 50,000 crore for second consecutive year

During the current fiscal year (FY23) so far, Rs 50,279 crore has come as dividends from CPSEs