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Saturday, January 11, 2014

Oriental Bank announces interim dividend of Rs 4 per share

It appears to be virtually a season of interim dividends for PSU stock holders with Oriental Bank of Commerce (OBC) joining the list of PSUs to announce such a move.

The bank's Board of Directors today approved interim dividend at Rs 4 per share for 2013-14, subject to the Centre’s approval, the bank said in a filing with the stock exchanges.

Apparently, the GoI wants the PSUs to come out with generous payouts to meet its cash crunch and the market is already betting on one of the largest such payouts from Coal India Ltd.

Source: Thehindubusinessline


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