After the previous fiscal year ended, the market is in a phase where companies announce dividends from the profits of the year. This has an impactful effect on the performance of the stock in the share market. The investors expect the companies to payout attractive dividends, hence, the dividend decision of the company can either make or break the company in the stock market.
For some companies, the previous year has been a bundle of troubled times which drove down profits and dividend expectation of investors. While for others it has been an array of opportunities to grow and expand resulting in unanticipated growth. Also, the market saw entry of number of new players intensifying the competition in the market.
While most of companies are yet to declare dividends, some companies have made a quick move and announced rewards for the shareholders. These companies are as follows:
*Global IME Laghubitta declared bonus share is adjusted with 100% right shares
Apart from the above mentioned companies, Himalayan Distillery Limited (HDL) had distributed interim cash dividend of 68.42%. The book closure for the same was on May 21, 2019. The company hasn’t declared any other dividend yet.