Page 19 - Dividend

Govt may raise dividend target to Rs 70k cr from RBI, banks, FIs in Budget

Having reaped rich dividends from the Reserve Bank in the current financial year, the government will be looking forward to receiving about Rs 70,000 crore from the central bank and the financial institutions (FIs) in the next financial year. In the interim Budget to be unveiled in the Lok Sabha on February 1 by Finance Minister Nirmala Sitharaman, sources said, the government would peg receipts from dividends from financial institutions at much higher level than Rs 48,000 crore estimated for the current fiscal. The current financial year estimate has already exceeded the Budget target as RBI paid a dividend of Rs 87,416 crore. With public sector banks and financial institutions posting good quarterly numbers during the current financial year, the dividend payout by them in the coming year would be higher compared to this year. So, it would be feasible to expect about Rs 70,000 crore as dividend payout from RBI and financial institutions in FY'25, sources said. The government had

Aster DM to pay up to Rs 120 a share dividend on Gulf business sale

In November, Aster DM had announced its plans to sell its wholly-owned subsidiary Affinity Holdings, which conducts business in the Gulf Cooperation Council (GCC) region, to Alpha GCC for $1 billion

Aster considering to pay 70-80% of $903 mn Gulf demerger money as dividends

The company said on Monday it plans to use the proceeds to pay shareholders between 110 rupees and 120 rupees per share as dividends

India may surpass FY24 target for state-run firms' dividends by Rs 12K-cr

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

Unclaimed assets: Create searchable databases

Over Rs 1.5 trn can be unlocked and put to productive use if unclaimed assets are restored to their rightful owners

Vedanta approves dividend, Siemens India to set up energy business arm

Vedanta said its board of directors have approved a second interim dividend of Rs 11 per share, for the Financial Year 2023-24 amounting to Rs 4,089 crore

What the new Nifty50 Total Return Index is all about

The new Nifty 50 Net Total Return index aims to measure how Nifty 50 performs by taking into account reinvested cash dividends and gains from bonuses issued

BP's $3.3 billion profit misses forecast on weak gas, dividend unchanged

The British company maintained its dividend at 7.27 cents per share and extended its $1.5 billion share buyback programme over the next three months, leaving its payout policy unchanged

Tata Sons shareholders clear directors' appointment, dividend payment

Holding company of Tata group reappoints Saurabh Agrawal and Ralf Speth for another 5 years

OnlyFans owner Radvinsky got $338 mn in dividend as 2022 profit soared

OnlyFans posted profit of $403.7 million in the year ending Nov. 30, up 24% from the previous year, its parent company Fenix International Ltd. said in a report published on Thursday

Indian banks' dividend to rise to at least 7-year high in FY24: S&P report

MUMBAI (Reuters) - Indian banks' aggregate dividend payout to shareholders is set to rise to its highest level in at least seven years in 2023-2024, helped by strong business metrics and healthy credit growth, a report from S&P Global Market Intelligence showed.

Union Bank hands over record dividend of Rs 1,712 cr to government

State-owned Union Bank of India on Wednesday presented a dividend cheque of Rs 1,712 crore for 2022-23. It is the highest dividend Union Bank of India has given in any financial year, the bank said in a statement. Union Bank of India managing director A Manimekhalai handed over the dividend cheque to Finance Minister Nirmala Sitharaman in the presence of Joint Secretary (Banking) Sameer Shukla.

Govt gets over Rs 3,400 cr dividend from NIIF, ECGC: DIPAM Secretary

The government has received over Rs 3,400 crore as dividend tranches from NIIF and ECGC. The government has already mopped up Rs 5,200 crore as dividend from public sector companies so far in the current fiscal. "Government has respectively received about Rs 3,031 crore and Rs 434 crore from National Investment and Infrastructure Fund Ltd (NIIFL) and ECGC as dividend tranches," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted.

Indiabulls Housing board okays 62.5% dividend payout, rebranding plans

To Rs 35,000 cr via NCDs; to rebrand itself

L&T Q1 preview: Buyback, special dividend and other things to know

So far in this calendar year (CY23), shares of L&T surged 24 per cent, as against 9.1 per cent gain in the S&P BSE Sensex

The dividend route to disaster

Abnormally high dividend pay-outs may harm not only the company but also the market and the economy

CIAL posts record profit of Rs 267 cr, declares highest dividend of 35%

The Cochin International Airport Ltd, the first Greenfield airport setup in Public Private Partnership (PPP) model in the civil aviation infrastructure sector in the country, on Monday declared a record net profit of Rs 267.17 crore for the year 2022-23. In a statement here, the company also announced the highest dividend of 35 per cent for the last fiscal year. The Director Board meeting, chaired by Chief Minister Pinarayi Vijayan, which was held today, finalised the balance sheet and proposed a dividend of 35 per cent to the investors, subject to the endorsement of the Annual General Meeting slated to be held on September, 28, CIAL said. The company said this was the highest dividend ever offered by it in its 25-year operational history. "The board also decided to implement a development strategy accentuating its effort to increase the group turnover to Rs 1,000 crore during the ongoing silver jubilee year," the release said. Chief Minister Pinarayi Vijayan, the chairman of the

Govt to launch portal for unclaimed shares, dividends by February 2024

Currently, investors have to produce about 24 documents for refunds. As a part of the refund process, these documents are checked multiple times at various stages of the process

Bajaj Auto, Tata Comm: Trading strategies for stocks turning ex-dividend

The overall trend in these stocks remain positive, however crucial hurdles need to be conquered to rally further.

Tata AIA Life Insurance to pay Rs 1,183 cr in dividend to policyholders

The higher payout is due to the company reporting a multi-fold increase in net income at Rs 506 crore in FY23, up from Rs 71 crore in the previous fiscal