Page 2 - Dividends

Govt to earn record dividend of Rs 13,800 crore from PSBs for FY23

12 PSBs paying equity dividend of Rs 21,000 crore, up 53% from Rs 13,710 crore for FY22

RBI to transfer Rs 87,416 crore to Centre as surplus for the year 2022-23

RBI dividend payout: In 2021-22, it had transferred Rs 30,307.45 crore to the Centre

RBI dividends to Centre may double due to gains, aiding fiscal gap

The RBI board is set to meet on Friday as early signs of slowing growth emerge with elevated interest rates and falling global demand

Govt falls short of disinvestment target, posts stronger dividend receipts

The dividend receipts from CPSEs grew more than 37 per cent to Rs 58,988 crore against the Revised Estimates (RE) target of Rs 43,000 crore

Sebi notifies rules on dividend, redemption proceeds to MF unitholders

Capital markets regulator Sebi has notified new rules for asset management companies (AMCs) pertaining to transfer of dividend and redemption proceeds to mutual fund unitholders. Under this, every mutual fund and asset management company would be required to transfer to the unitholders the dividend payments and the redemption or repurchase proceeds within a period specified by Sebi, the regulator said in a notification made public on Thursday. In case of failure to transfer the proceeds within the specified period, the AMC would be liable to pay interest to the unitholders for the period of such delay. "Notwithstanding payment of such interest to the unit-holders...the asset management company may be liable for action for failure to transfer the redemption or repurchase proceeds or dividend payments within the stipulated time," Sebi said. It further said that physical despatch of redemption or repurchase proceeds or dividend payments would be carried out only in exceptional ...

Govt gets dividend tranches from Uranium Corp, Shipping Corp, KIOCL

The Central government has received Rs 197 crore, Rs 48 crore, and Rs 10 crore from Uranium Corporation of India Ltd, KIOCL and Shipping Corporation of India (SCI), respectively, as dividend tranches

LIC to hold first AGM on Sept 27 via video-conference, other AV means

LIC Board sets August 26 as record date for dividend payment, approves investment in proposed rights issue of LIC (Nepal) Ltd

Huawei pays out $9.65 billion in dividends to current and retired staff

Huawei Technologies paid out dividends totalling 61.404 billion yuan ($9.65 billion) to current and retired workers in its employee shareholder scheme

Experts question the rationale of some MF schemes investing in Zomato IPO

Among the larger funds, only DSP MF and Invesco MF have not participated in the anchor book

Mindspace REIT to distribute Rs 285 crore as dividend to unitholders

Mindspace Business Parks REIT on Friday declared a distribution of Rs 285.2 crore to its unitholders for the quarter ended March.

Shell raises its dividend for second time in six months as profits surge

Sales of oil and gas assets in countries including Nigeria, Canada and Egypt added $1.4 billion to first-quarter profits

FPIs bat for common platform to avail Budget benefit on dividends

Tax consultants and custodians are also putting heads together to standardise the kind of documents needed to be furnished by FPIs, which can be acceptable to all companies

Irdai withdraws circular on dividends payouts for FY20 over Covid-19

Insurance sector regulator Irdai on Thursday withdrew its circular on dividend payouts for 2019-20 by insurers in the wake of COVID-19, citing improving economic conditions

Oil and gas sector leads profit pool, says Motilal Oswal report

The oil and gas sector has emerged as one of the largest contributor to the overall profit or dividend pool, said Motilal Oswal Financial Services in a report

Sebi directs the renaming of dividend options of mutual fund schemes

Dividend payout option has to be renamed as "Payout of Income Distribution cum capital withdrawal option," the regulator said in a circular

Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%

Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.

FPIs stare at higher withholding tax on dividends owing to tax treaty

While FPIs are also classified as non-residents, the withholding tax rates for these are provided under a separate section 196D of the Income Tax Act

Scrap LTCG, tax on buybacks, dividends: What Street wants amid market gloom

Mohandas Pai, former CEO and board member at Infosys, made a pitch for removing the tax on share buybacks

Raining dividends on Street: Firms loosen purse strings to help promoters

Companies advance payouts to help promoters save tax

DDT abolished: Nearly 60% high dividend yielding shares end in the red

Foreign institutional investors (FIIs) sold shares worth over Rs 1,200 crore, provisional data provided to the stock exchanges shows