Dividends

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

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 ...

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

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

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

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

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

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

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

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

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

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

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

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

Companies advance payouts to help promoters save tax

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

In case the profit for the relevant period includes any extra-ordinary profits or income, the payout ratio shall be computed after excluding such extra-ordinary items

Senior government officials say there are at least 2.5 million investors who have not claimed their dividends

As many as 92 large companies which sit on a mount of cash, can pay out additional dividends to the tune of Rs 34,000 crore, for the past fiscal year when these firms had muted earnings growth, says a report. These 92 companies, drawn from the BSE 500 index whose members are sitting on a whopping Rs 1.85 trillion in aggregate cash/cash equivalents, have already paid Rs 40,700 crore in dividends in 2016-17 but can pay Rs 34,000 crore more, says proxy advisory firm IiAS. According to its analysis, based on corporate financials in 2016-17, these companies continue to maintain large cash balances and at least 92 of them can potentially return cash to its shareholders as dividends or buybacks. The companies, which are taken from S&P BSE 500 index, includes TCS, Infosys, Wipro, M&M, Ashok Leyland, Bajaj Auto, Indraprastha Gas, GsK Consumer Healthcare, Jubilant FoodWorks, and Nestle India among others. It can be noted that TCS had concluded a Rs 16,000- crore share ...