Page 23 - Dividend

Sebi revises threshold for adjustment in derivative contracts post dividend

Capital markets regulator Sebi on Tuesday came out with new adjustment rules for dividends in Futures and Options (F&O) scrips. "It has been decided that the adjustment in derivative contracts shall be carried out in cases where dividends declared are at or above 2 per cent of the market value of underlying stock," Sebi said in a circular. The threshold has been revised from 5 per cent and above to 2 per cent and above. The new framework will be applicable from Wednesday. Currently, dividends that are below 5 per cent of the market value of the underlying stock are deemed ordinary dividends and no adjustment in the strike price is made for such dividends. For extra-ordinary dividends, which will be at and above 2 per cent of the market value of the underlying security, the strike price would be adjusted. In case of declaration of "extra-ordinary" dividend by any company, the total dividend amount (special and /or ordinary) would be reduced from all the strike prices of the option

AAI seeks waiver of mandatory annual dividend payment for 2021-22 fiscal

Airports Authority of India (AAI) has requested the government to waive the compulsory dividend payment requirement for the financial year ended March 2022

Bank of Baroda revises proposed dividend upwards to Rs 2.85 per share

Small impact on net-worth and capital adequacy. The dividend payment is subject to shareholders' approval at the annual general meeting

IRCTC Q4 net profit jumps 106%, firm declares dividend of Rs 1.5

IRCTC's revenue from operations soared 103% to Rs 691 crore in the March quarter

ONGC Q4 consolidated PAT rises 10%, firm declares dividend of Rs 3.25

ONGC's consolidated revenue from operations rose 37% to Rs 1.55 trillion in Q4FY22

ITC trades flat as stock turns ex-date for dividend of Rs 6.25 per share

ITC said the dividend will be paid between July 22, 2022 and July 26, 2022 to entitled members.

Bank of Maharashtra to pay 5% dividend from net worth on govt nudge

The payout will make a small dent in lender's capital adequacy ratio; stock sheds 3.73% on BSE

ITC Q4 consolidated PAT up 12% at Rs 4,196 cr, declares dividend of Rs 6.5

Consolidated revenue from operations rose 14% to Rs 17,554 crore as against Rs 15,404 crore in Q4FY21

After tepid market debut, antsy LIC investors seek Aramco-style dividend

Some investors and analysts are concerned that the price could drop even more because of little growth prospects for the legacy business, risks of further disinvestment by the govt

Indus Towers hits 52-week low as stock turns ex date for interim dividend

The company has fixed Tuesday, May 17, 2022, as the 'record date' for the purpose of ascertaining the eligibility of shareholders for the payment of interim dividend of Rs 11 per share.

Vedanta plans to issue $1.5 billion dividend, lifting parent's bonds

The parent firm's dollar bonds rose the most in six weeks Friday, with the notes maturing in July hitting the highest level since October, according to Bloomberg-compiled data

Vedanta to pay Rs 117.1 billion in dividends as Q4 profit drops

Shares of Vedanta fell 0.2% in Mumbai on Thursday before the earnings were published, paring the year's gains to 21%.

HDFC Bank declares Rs 15.50 per share dividend for shareholders

HDFC Bank on Saturday declared a 1550 per cent or 15.50 per share dividend to its shareholders for the financial year 2021-22.

Govt gets Rs 2,399 cr as dividend tranches from 3 CPSEs

The government has received Rs 2,399 crore as dividend tranches from 3 central public sector enterprises (CPSEs), DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.

Govt receives Rs 4,353 crore as dividend tranches from 7 CPSEs

The government on Tuesday said it has received Rs 4,353 crore as dividend tranches from seven public sector enterprises, including Coal India and PFC.

State-owned GAIL declares record interim dividend of 50% for FY22

State-owned gas utility GAIL (India) Ltd has declared a second interim dividend of 50 per cent (Rs 5 per share) for the current fiscal year ending March 31, 2022. The total dividend payout will be Rs 2,220.19 crore with a record date of March 22, the company said in a statement. "The decision (to issue dividend) was taken by the board of directors of GAIL, a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, at their meeting here on March 11," it said. For the current fiscal 2021-22, GAIL has already declared an interim dividend of Rs 4 per share to its shareholders in December 2021. The two interim dividends total to Rs 9 per equity share (90 per cent on the paid-up equity share capital). Total dividend payout is Rs 3,996.35 crore. Manoj Jain, chairman and managing director, GAIL, stated that the company shareholders have been provided with steady long-term returns on their investments. "This is the highest ever dividend payment in terms of total dividend amount by ...

Govt receives Rs 888 crore as dividend from NALCO, BPCL, MSTC

The government has received Rs 888 crore as dividend from three CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.

Anil Agarwal's Vedanta pays out dividend for the third time in FY22

Vedanta will pay the third interim dividend of Rs 13 per equity share or 1,300 per cent for 2021-22

LIC dividend payout likely to restart after IPO, say market experts

Dividend paid to the government of India in FY19 amounted to Rs 2,663 crore.

Coal India's total dividend payout this year likely to be higher than FY'21

The total dividend payout by Coal India during the current fiscal is likely to be higher than the FY21 as the miner is expected to post healthy revenue and growth in profit, sources said