Centre may look at cash-rich PSUs to disburse higher dividends
The Union government may look towards its cash-rich public sector undertakings and those falling behind on their capex plans for current fiscal to declare higher dividends this year to reward their shareholders in this difficult period of COVID-19 pandemic.
By : migrator
Update: 2020-12-06 19:22 GMT
Chennai
Officials sources said the PSUs with stock prices higher than their book values and those with sufficient cash may be asked to shell out higher dividends in FY21. A call will be taken after the third quarter results of companies are declared in late January or early February next year.
Also, PSUs, particularly in the oil sector, which are set to make big inventory gains due to firming up of crude prices, may also be looked at for higher interim dividends or special dividends and a few may even be considered for share buyback, depending on market conditions.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android