Special Dividend

Hindustan Zinc clarifies on report of Rs 8,000-crore special dividend payout, says 'unable to comment'

This move will be in addition to the company’s regular annual dividend of approximately Rs 6,000 crore.

Aster DM zooms 14% to hit fresh record high on special dividend of Rs 118

Hospital chain operator Aster DM Healthcare on April 12 announced that its board approved a special dividend of Rs 118 per equity share

L&T to deliberate over share buyback proposal, special dividend on July 25

The company also said if granted, August 2 will serve as the record date to determine the entitlement of the equity shareholders for the said dividend.

Comment | Merck’s dividend gift is extra special for P&G

Merck’s Rs440 a share special dividend is good news for investors but more so for its new parent P&G. After the dividend, life for investors will return to mundane things such as performance-driven valuations

'HZL special dividend credit positive for Vedanta Resources'

Announcement of special dividend by Vedanta group firm Hindustan Zinc (HZL) is credit positive for Vedanta Resources as it will improve the group's liquidity, Moody's Investors Service today said.

Hindustan Zinc announces special dividend of Rs 13,985 crore

Coupled with earlier payouts, it is the largest-ever dividend outflow by any Indian company in a financial year.

Consultation on PSU oil merger may start next month: BPCL

BPCL expects oil consultation to start next month on the merger of PSU oil companies which will give a clearer picture of what government thinks, says Director-Finance, P Balasubramanian.

Question of special dividend does not arise: RBI Guv Urjit Patel

Actually the withdrawal of legal tender characteristic does not extinguish any of the RBI's balance sheets, and therefore is no implication on the balance sheet as of now, Patel said at a media briefing post the credit policy

Hindustan Zinc shares plunge 14%, trades ex-dividend

Board of directors of the company, on March 30, declared special golden jubilee dividend of Rs 24 per share for the financial year 2015-16. Vedanta group company had fixed April 07 as record date for payment of second interim dividend.

Hind Zinc up 14% on special dividend, Vedanta to get Rs 6500cr

"Board of directors, on March 30, has declared special golden jubilee dividend of Rs 24 per share for financial year 2015-16," says the company in its filing.

Sasken Communication shares fall 12%, trade ex-dividend

Sasken, on September 29, declared a special dividend of Rs 20 per equity share and that will be disbursed on and from October 25, 2014.

Strides Arcolab shares fall 18%, trade ex-dividend

The board of directors of the pharmaceutical, on October 07, had approved a special dividend of Rs 105 per equity share of Rs 10 each to the shareholders and said special dividend will be paid on or after October 22, 2014.

Sasken Communication stock goes ex-dividend, plunges 14%

Profit after tax of the company for the December quarter declined to Rs 11.12 crore from Rs 13.76 crore and revenues were flat at Rs 113.2 crore as against Rs 113.1 crore on sequential basis.

Brokerages bet on Coal India post special dividend

A couple of brokerages are bullish on Coal India after the company announced a hefty dividend. Macquarie is quite positive on the stock and maintains outperform rating. Deutsche Bank believes that valuation-wise the stock is looking attractive.

CIL special dividend good for minority shareholders: Pro

Bhavesh Chauhan, Metal Analyst, Angel Broking said the declared payout will be good for all parties concerned - the government, which will get around Rs 23,000 crore, and the minority shareholders.

Coal India up 6% as board to consider interim dividend

The company has fixed January 20 as the record date for the purpose of payment of interim divided, if declared by the board.

4.8% Fiscal Deficit: NMDC, CIL to pay special dividends

Sources say the Finance Ministry met up with PSU chiefs and have asked for special dividend or buyback. While the NMDC board did consider buybacks but now both, NMDC and Coal India are opting for special dividend.

Neutral on CIL; see special dividend at Rs 15-16/sh: Angel

Giving a special dividend makes more sense than divesting the shares for CIL because not only does the company have Rs 60,000 crore cash on the books without any capex lined up but even the dividend tax paid by minority shareholders would also go to the government, feels Bhavesh Chauhan.

CIL board to discuss tomorrow special dividend to govt

The government has budgeted to raise Rs 40,000 crore from minority stake sale in PSUs in the current fiscal. With eight months of the fiscal already over, it has managed to garner only over Rs 1,325 crore through stake sale in six PSUs.

CIL FPO unlikely; may mull spl dividend on Monday: Srcs

The decision will impede the government from achieving its FY14 divestment target of Rs 40,000 crore. The decision will impede the government from achieving its FY14 divestment target of Rs 40,000 crore. CIL is sitting on a cash pile of over Rs 60,000 crore.