The season for declaring corporate earnings is at its peak. Corporate India continues to provide dividends to its common share holders. There are companies which increased their dividends and some companies which decreased compared to last year. Below are some dividend declarations that I came across in last week or so.
- Lupin Ltd declared annual dividend of Rs. 12.5/share (25% increase from Rs. 10 in 2008)
- J. K. Lakshmi Cement Ltd declared annual dividend of Rs. 4.00/share (60% increase from Rs. 2.5 in 2008)
- Deepak Nitrate Ltd. declared annual dividends of Rs. 5.00/share (25% increase from Rs. 4.00 in 2008)
- Hinduja Global Solutions declared annual dividends of Rs. 15/share (50% increase from Rs. 10.00 in 2008)
- Blue Star Infotech Ltd. declared annual dividends of Rs. 5.00/share (100% increase from Rs. 2.50 in 2008)
- Shriram Transports Ltd. declared annual dividends of Rs. 5.00/share (same as Rs. 5.00 in 2008)
- Kotak Mahindra Bank declared annual dividends on Rs. 0.75/share (same as Rs. 0.75/share in 2008)
- Geojit Financial Services Ltd. declared annual dividends of Rs. 0.50/share (28% decrease from Rs. 0.70 in 2008)
- Balaji Telefilms Ltd. declared annual dividends of Rs. 0.30/share (92% decrease from Rs. 3.50 in 2008)
It is always good to see that corporate management gives you a raise in dividends. More importantly the raises are 25% or more. Who said there is recession? no doubt that some companies did lower their dividends, however, they at least shared the profits with common shareholders.
If there are any errors, or if you believe there were any other announcements, please let me know by leaving our comments below.
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