Interim Dividend
This query is : Resolved
30 December 2010
Hi,
please reply me for the following query:
can a Company declare a dividend 5 times (Interim Dividend) during its financial year??
Thanks & Regards,
Nipa
please reply me for the following query:
can a Company declare a dividend 5 times (Interim Dividend) during its financial year??
Thanks & Regards,
Nipa
Aditya Maheshwari
(Expert)
30 December 2010
yes
30 December 2010
hi Aditya,
Thanks for your quick reply. But do I get some concrete back ground for the same. I checked Ramaiya, I didn't find any bar on declaration of Interim Dividend. It would be great if you provide me more info related to the same
Thanks for your quick reply. But do I get some concrete back ground for the same. I checked Ramaiya, I didn't find any bar on declaration of Interim Dividend. It would be great if you provide me more info related to the same
Aditya Maheshwari
(Expert)
30 December 2010
For declaring interim dividend a authorisation in the board needs to be done which can be done anytime. Also you can draw inference from listed companies like TCS who declare dividend every quarter.
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