Quite a good read. Form your writeup, it seems that dividend has been declared, but in reality it is waiting for approval from shareholders, even record date is also not fixed.
Thank you. True, but once the board recommends it it's a matter of time. Would be interesting to see a situation where shareholders reject a dividend, hehe.
I agree dividend won't be stopped, but date is not final as of now; in fact, apart from news articles and sm, no other platform has published this. Why I am saying this? Because Boring Money has become synonymous with investigative writing, and until and unless news is not confirmed, it can be stated something like 'record date not finalized but bank will give dividend at some point of time'. I hope you got my point.
Don't want to contradict you, just a constructive feedback.
Quite a good read. Form your writeup, it seems that dividend has been declared, but in reality it is waiting for approval from shareholders, even record date is also not fixed.
Thank you. True, but once the board recommends it it's a matter of time. Would be interesting to see a situation where shareholders reject a dividend, hehe.
I agree dividend won't be stopped, but date is not final as of now; in fact, apart from news articles and sm, no other platform has published this. Why I am saying this? Because Boring Money has become synonymous with investigative writing, and until and unless news is not confirmed, it can be stated something like 'record date not finalized but bank will give dividend at some point of time'. I hope you got my point.
Don't want to contradict you, just a constructive feedback.
Hey it's totally cool if you were to contradict me too! But the source for this for me was the company's own filings so I took the liberty of leaving that fact out. https://www.bseindia.com/xml-data/corpfiling/AttachLive/60f98aa3-1c8d-419b-bf05-f79f9ac1e4d0.pdf
Your point stands though, and feedback taken!