New Paisa Blog » Dividend

General Electric raises dividend

webmaster — Mon, 26 Jul 2010 08:09:49 +0000

US conglomerate General Electric (GE) has said it is raising its quarterly dividend by 20% because of its improving financial performance.

The payout will rise by 2 cents to $0.12 (£0.08) per share.

GE slashed its dividend by 68% from $0.31 to $0.10 in February 2009 to conserve cash during the downturn.

GE also said it would start buying its own shares after suspending its share buyback program in September 2008. Shares in GE rose 3.3% to $15.71.

The company had previously said it would not increase its dividend until 2011.

But chief executive Jeff Immelt said GE could make the move earlier than anticipated because of “continued strong cash generation, recovery at GE Capital, and solid underlying performance in our industrial businesses through the first half of 2010″.

The new dividend will be payable on 25 October to shareholders who own stock at the close of business on 20 September.

Last week, GE reported a 16% rise in quarterly profits, its first growth in net income since late 2007.

Tata Sponge fixes Book Closure for Dividend & AGM

webmaster — Fri, 10 Jul 2009 09:08:38 +0000

Tata Sponge Iron Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from July 18, 2009 to July 22, 2009 (both days inclusive) for the purpose of payment of dividend & 26th Annual General Meeting (AGM) of the Company to be held on August 01, 2009.

IFCI Board recommends Dividend

webmaster — Sun, 28 Jun 2009 16:48:32 +0000

IFCI Ltd has announced that the Board of Directors of the Company at its meeting held on June 27, 2009 has recommended, a dividend @ Re 0.80 per share i.e. 8% for the year ended March 31, 2009, subject to the approval of shareholders at the ensuing Annual General Meeting.

Torrent Pharmaceuticals fixes Book Closure for Dividend

webmaster — Sat, 30 May 2009 16:31:41 +0000

Torrent Pharmaceuticals Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from June 10, 2009 to June 12, 2009 (both days inclusive) for the purpose of payment of dividend.

Blue Star Infotech Board recommends Dividend

webmaster — Tue, 12 May 2009 14:05:15 +0000

Blue Star Infotech Board recommends Dividend of Rs5
Blue Star Infotech Ltd has on May 12, 2009 announced Dividend of Rs 5 per share. (50% dividend on face value of Rs10)

Raymond fixes Book Closure for AGM

webmaster — Tue, 12 May 2009 14:02:07 +0000

Raymond Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from May 27, 2009 to June 10, 2009 (both days inclusive) for the purpose of 84th Annual General Meeting (AGM) of the Company to be held on June 10, 2009.

Allcargo Global Board recommends Dividend

webmaster — Sun, 03 May 2009 06:09:23 +0000

Allcargo Global Logistics Ltd has announced dividend @ 25% (Rs 2.50 per equity share of Rs 10/- each), subject to approval of the members at the l6th Annual General Meeting to be held on June 12, 2009.

Bharti Airtel dividend

webmaster — Wed, 29 Apr 2009 16:12:50 +0000

Bharti Airtel dividend
Bharti Airtel Ltd has announced final dividend of Rs 2 per equity share of Rs 10 each i.e. 20% for financial year 08-09. This is the first time Bharti Airtel has announced any dividend.
Also it’s share will be split into two shares of Rs5 paid up on future book closure date.

Eveready Industries Board to consider Dividend

webmaster — Fri, 10 Apr 2009 15:53:10 +0000

Eveready Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 27, 2009, inter alia, to consider the Audited Financial Results and the recommendation of a Dividend, if any, for the year ended March 31, 2009.

Hence the Company shall not be publishing unaudited Financial Results for the last quarter of the said financial year.

Solvay Pharma – Final Dividend

webmaster — Fri, 03 Apr 2009 08:29:11 +0000

Solvay Pharma – Final Dividend
Solvay Pharma India Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from April 20, 2009 to April 29, 2009 (both days inclusive) for the purpose of payment of final dividend.