Payment of Dividend Two times from the same profits of a particular financial year

Sanjib Kumar Mondal (Passionate Learner) (117 Points)

30 May 2018  
Hello,

Can a company pay dividend twice
from the same profits of a particular financial year ?

I mean that if a company already paid dividend for FY 2016-17 in 17-18fy and
again proposed in 2018-19 to pay dividend on the residual profit of 2016-17 after paying that previous dividend.

Can the company do so?



Thanks in advance.