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MUMBAI: Rakesh Jhunjhunwala, a prominent investor and the largest non-institutional minority shareholder of Titan Company, on Thursday tore into the company management over their dividend payout for the previous financial year and the dividend policy, in general.
The maker of Tanishq branded jewellery announced a final dividend of Rs 4 per share along with its March quarter and full year earnings. The dividend payout is 40 per cent of the company’s net income, and highest ever, but only optically so.
Titan had announced a similar dividend for the financial year ending March 2020. However, because of the 42 per cent drop in the company’s net profit in 2020-21, the dividend payout ratio appeared substantially higher.
Börse Express - Mehr passives Einkommen mit monatlichen Dividenden dank dieser 3 Aktien
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(Bloomberg) The rally in oil prices has all but expunged any likelihood that Saudi Aramco will fail to meet its $75 billion dividend payout next year, according to Bank of America Corp.Far from missing the payment, the company may even boost it in 2022 as it increases production and benchmark crude prices head back toward $70 a barrel, the bank said.Aramco’s pledge to pay an annual $75 billion to shareholders during its first five years as a publicly traded company was thrown into doubt last year as oil tumbled amid the Covid-19 pandemic, prompting the company to slash spending and increase borrowing. It also put an additional strain on Saudi Arabia’s finances. The government, which owns 98% of Aramco after selling shares in a December 2019 initial public offering, has depended on the dividend to help plug its budget deficit.“Aramco would be well-placed to implement its higher dividend distribution guidance given during the IPO and even increase dividends beyond
Matador Resources initiated its first dividend payout with a quarterly cash dividend of $0.025 per share. Matador (MTDR) announced that the first quarterly dividend will be paid on March 31, to shareholders of record as of March 24. Shares rose 3.5% in Monday’s early morning trading. The energy company’s annual dividend of $0.1 per share now reflects a dividend yield of 0.52%. Matador CEO Joseph Wm. Foran commented, “We are pleased to initiate a quarterly cash dividend policy and announce the payment of Matador’s first cash dividend, which marks another significant step for Matador in returning value to our shareholders and also indicates our confidence in Matador’s financial strength and ability to generate sustained free cash flow going forward.” (See Matador stock analysis on TipRanks) The company is scheduled to report 4Q and 2020 results on Feb. 23. On Feb. 9, MKM Partners analyst John Gerdes downgraded the stock to Hold from Buy and incre
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