Interim Dividend

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Nipa (Querist)
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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

Aditya Maheshwari

Aditya Maheshwari (Expert)
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30 December 2010 yes

Nipa

Nipa (Querist)
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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

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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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.

Nipa

Nipa (Querist)
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30 December 2010 Okay. Thanks for your reply.:-)