Look at the sector-wise list of all companies that have declared dividends for FY 75/76; which sectors are lagging behind?
Wed, Dec 4, 2019 8:34 AM on Book Closure, Dividend, Bonus & Rights, Exclusive, Latest,
The main objective of a public company is to maximize shareholders wealth making sure that the laws laid downs are followed and ethical practice exists. To keep the shareholders satisfied, mere value appreciation in terms of growth in price of shares is not enough. The company must provide adequate returns out of their profits in the form of dividends to their shareholders to lock their interest in the company and to reward their investment. Adequate dividend payout works in the best interest of the company’s reputation and goodwill in the market. The dividend distributed maybe in the form of bonus shares or cash dividends.
To help the investors make informed decision while investing, a sector-wise list has been prepared of the companies that have declared or distributed dividends out of profits of FY 75/76. The companies that haven’t declared any dividends yet are not mentioned in the list.
Since none of the companies from life insurance sector, non-life insurance sector, trading sector and others sector have proposed dividends for their shareholders yet, they have not been mentioned here.