Page 21 - Dividend

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

Blackstone CEO Steve Schwarzman takes home a record $1.27 bn in 2022

Schwarzman, who owns some 20% of Blackstone shares, reaped roughly $1 billion in dividends alone. He also earned $253.1 million in compensation, most of it through incentive fees

Dec quarter net up 65%, Nestle announces final dividend of Rs 75 per share

The company board has announced April 21, 2023, as the record date to determine the entitlement of the members to the final dividend for the year 2022

Torrent Power soars 9% post Q3 results; announces special dividend

In Q3FY23, Torrent Power's consolidated net profit grew 88 per cent year-on-year at Rs 695 crore on account of higher income.

Budget 2023: Govt expects Rs 48,000-cr dividend from RBI, PSU banks in FY24

The government expects 17 per cent higher dividend at Rs 48,000 crore from the Reserve Bank of India (RBI), public sector banks and financial institutions in 2023-24. In current financial year ending March, it aims to garner Rs 40,953 crore from RBI and public sector financial institutions. This is much lower compared to Budget Estimate of Rs 73,948 crore for FY23. It is to be noted that RBI approved a dividend payment of Rs 30,307 crore to the government post its board meeting in May 2022. As per the Budget document, dividends from public sector enterprises and other investments have been pegged at Rs 43,000 crore for FY24 as well. As per the Revised Estimate for FY23, the dividend from public sector enterprises and other investments was higher at Rs 43,000 crore from the Budget Estimate of Rs 40,000 crore. Total dividend collection of the next financial year would be Rs 1,15,820 crore as against the RE of Rs 1,08,592 crore, as per the RE of 2022-23.

OMCs likely to see a short-term bounce-back on improved Q3 showing

Given the concerns around biz, though, a full turnaround is unlikely anytime soon

PTC India shareholders approve final dividend of Rs 5.80 per equity share

Power trading solutions provider PTC India on Monday said its shareholders have approved a final dividend of Rs 5.80 per equity share for 2021-22. This final dividend is in addition to the interim dividend of Rs 2 per equity share, a company statement said. The shareholders during the annual general meeting (AGM) on December 30, 2022 approved the final dividend in addition to the interim dividend, making it the highest-ever dividend declared by the company, it said. "We are also exploring opportunities in emerging areas of Green Hydrogen, Battery Energy Storage Systems through collaborations with global technology companies," Rajib K Mishra, CMD (additional charge), PTC India said. Meanwhile, the consolidated profits for the year ending March, 2022 grew by 21 per cent. The consolidated PAT (profit after tax) increased to Rs 552 crore for FY22 compared to Rs 458 crore in FY21. The company also reported record volumes of 87.5 BU (billion units) during the financial year 2021-22, a .