Smart dividend investor’s Post

CVC Income & Growth Limited (the "Company")   Dividend Declaration - Dividend Increase The information contained within this announcement constitutes inside information.   The Board of Directors of the Company has declared a quarterly interim dividend of 4.125p per ordinary Sterling Share and 2.25c per ordinary Euro Share.   These amounts reflect an uplift to the previously indicated quarterly dividend of 1.875p per Sterling ordinary share and 1.75c per Euro ordinary share announced by the Company on 7 March 2023.   The dividends will be payable on 1 March 2024 to shareholders on the register as at the close of business on 9 February 2024 (the record date) and the corresponding ex-dividend date will be 8 February 2024.     Richard Boléat, Chair of the Company, commented:   "As referenced in my statement accompanying the Company's Half Yearly Financial Report published on 27th September 2023, today's announcement represents a pleasing additional distribution to shareholders, made possible by the Company's excellent performance in 2023. Today's announcement brings total distributions in respect of 2023 to 9.75p and 7.5c per ordinary GBP/EUR share respectively, delivering an annual yield on the current GBP / EUR share prices of approximately 9.3% / 8%."   Link to full announcement in comments 👇

**9th Bank Announces Plan to Pay Cash Dividends in 2024** Illustrative photo Tien Phong Joint Stock Commercial Bank (TPBank – Code: TPB) has just added documents for the 2024 Annual General Meeting of Shareholders. The meeting is scheduled to take place tomorrow (April 23) in Hanoi. Accordingly, TPBank has added a presentation on the Plan for cash dividend payment and the Plan for charter capital increase in 2024. Specifically, TPBank proposes to distribute a cash dividend of 5% (1 share receives VND 500) from retained earnings after setting aside funds as of December 31, 2023. According to the bank’s leadership, the payment of cash dividends aims to express gratitude to shareholders who have accompanied the bank in the past time and in consideration of TPBank’s stable, sustainable, and safe business performance. Thus, TPBank is the 9th bank to announce a plan or has paid cash dividends in 2024. Previously, 8 banks have announced this plan, namely VIB, ACB, HDBank, MB, VPBank, Techcombank, Eximbank, and SHB. Previously, in 2023, TPBank spent approximately VND 3,955 billion to pay cash dividends to shareholders at a rate of 25%, equivalent to VND 2,500/share. In addition to cash, TPBank also proposes to issue a maximum of 440.3 million new shares to pay dividends to shareholders at a rate of 20% (shareholders owning 100 shares on the record date will receive 20 new shares). The source of implementation is taken from retained earnings after setting aside funds as of December 31, 2023. After the issuance, TPBank’s charter capital will increase by more than VND 4,403 billion, to VND 26,419 billion. The capital increase will be implemented after approval by the General Meeting of Shareholders. The implementation time will depend on the review and approval process of the competent state management agency and ensure compliance with current legal regulations. In addition to the dividend payment plan, at this year’s general meeting, TPBank will also submit to shareholders the reports of the Board of Directors, the Supervisory Board, the Executive Board,… According to the report, in 2023, TPBank’s pre-tax profit did not meet the plan, reaching only VND 5,589 billion, completing 64% of the annual plan. According to TPBank’s leaders, the reason is that in 2023, macroeconomic conditions had many unfavorable factors. The mobilization and lending interest rate levels throughout the system gradually decreased in each quarter, while many business sectors saw a decline in activities, so the economy’s capital absorption capacity was limited. Insurance business declined due to the industry’s crisis and the tightening of regulations by management agencies in the field of life insurance sales. New credit growth faced difficulties due to the impact of the economic situation and policies of management agencies. Bad debts and overdue debts tended to increase rapidly, leading to an increase in provision. In 2024, TPBank sets a target of pre-tax ...

Secretarial Tips: 146/2024 Subject: Can Shareholders declare Dividend if the Board of Directors does not recommend any Dividend? Regulation 96 of the Schedule I of the Companies Act, 1994 states that the power to declare Dividend vests with the General Meeting but it has no power to declare a Dividend exceeding the amount recommended by the Board of Directors that means- To recommend or not to recommend Dividend is the discretion of the Board of Directors. The Shareholders have no power to declare Dividend in absence of recommendation by the Board of Directors in this regards. However, in the provisions 1.1 of the Bangladesh Secretarial Standatd-4 (BSS-4) as adopted by the Institute of Chartered Secretaries of Bangladesh (ICSB) has a clear explanation in this regards in which clearly mentioned that Dividend should be declared by the Members at an Annual General Meeting (AGM) on the basis of recommendation of the Board. Unless the Dividend has been recommended by the Board, the Members in General Meeting cannot on their own, declare any Dividend.

📍 DIVIDEND INCOME 📌 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐃𝐢𝐯𝐢𝐝𝐞𝐧𝐝 ? A dividend is a reward that publicly traded companies give to their shareholders, typically drawn from the company’s net profit. These rewards can come in the form of cash, cash equivalents, or additional shares. They’re usually paid out after the company covers its essential expenses. 📌 𝐌𝐨𝐬𝐭 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐝𝐢𝐯𝐢𝐝𝐞𝐧𝐝 𝐝𝐚𝐭𝐞𝐬 : • 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭 𝐝𝐚𝐭𝐞𝐬 The company’s board of directors announces the dividend on this date. • 𝐄𝐱-𝐝𝐢𝐯𝐢𝐝𝐞𝐧𝐝 𝐝𝐚𝐭𝐞 The eligibility to receive the dividend is set to expire on this date. (After this date, you won’t be eligible to receive the dividend) • 𝐑𝐞𝐜𝐨𝐫𝐝 𝐝𝐚𝐭𝐞 This is usually the cut-off date when the company checks if a shareholder qualifies for the dividend. • 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐝𝐚𝐭𝐞 On this date, the dividend is credited to investors accounts. 📌 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐝𝐢𝐯𝐢𝐝𝐞𝐧𝐝 𝐢𝐧𝐜𝐨𝐦𝐞 : • TDS is deducted at the time of making payment. Payment can be made via cheque, draft, or online. • Under Section 194, TDS will be deducted at the rate of 10%, if the dividend amount is more than Rs. 5000. TDS will be deducted at the rate of 20% if PAN is not provided by the payee. 𝐄𝐱𝐚𝐦𝐩𝐥𝐞 : Mr. Amit received a dividend of ₹6,000 from an Indian company on June 15, 2023. Since his dividend income is more than ₹5,000, the company will deduct TDS at 10%, which is ₹600. Mr. Amit will receive the remaining amount of ₹5,400. Additionally, the dividend income is taxable for Mr. Amit is based on the applicable slab rates for FY 2023-24 (AY 2024-25) 📌 𝐃𝐢𝐯𝐢𝐝𝐞𝐧𝐝𝐬 𝐫𝐞𝐜𝐞𝐢𝐯𝐞𝐝 𝐟𝐫𝐨𝐦 𝐚 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐜𝐨𝐦𝐩𝐚𝐧𝐲 : Dividend received from a foreign company is taxable under "income from other sources." These dividends are added to the taxpayer's total income and taxed according to the applicable rate. 𝐅𝐨𝐫 𝐞𝐱𝐚𝐦𝐩𝐥𝐞 : If the taxpayer falls under the 30% tax slab, the dividend will also be taxed at 30%, plus any applicable cess. 📌 𝐃𝐢𝐯𝐢𝐝𝐞𝐧𝐝 𝐫𝐞𝐜𝐞𝐢𝐯𝐞𝐝 𝐟𝐫𝐨𝐦 𝐯𝐚𝐫𝐢𝐨𝐮𝐬 𝐭𝐲𝐩𝐞𝐬 𝐨𝐟 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐭𝐡𝐞𝐢𝐫 𝐭𝐚𝐱𝐚𝐭𝐢𝐨𝐧 𝐢𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐫𝐞 𝐬𝐮𝐦𝐦𝐚𝐫𝐢𝐬𝐞𝐝 𝐚𝐬 𝐛𝐞𝐥𝐨𝐰. If you have any questions, please feel free to ask me. follow for more information. Thank You ! #finance #dividend #incometax #tds #share_market #equity

How Many of you Confused with Dividend Concept 😇 Time to throw light on topic !! 1. Meaning of Dividend Dividend is a distribution of the divisible profit among member accordingly the number of shares held by them in the capital of the company and the right attaching thereto. 2. Type of dividends a) on the basis of time period :- ♤ Final dividend - Declared in AGM by consent of shareholder by passing OR on proposal made by BoD. ♤ Interim dividend - declared in board meeting by the board of directors between 2 AGM by passing BR. 3. Differentiate between the Proposed dividend and final dividend ? ▪︎Closure of FY - BOD made proposal which is need to be approved by Shareholder. Therefore its not become liability as not shown in Books ▪︎Once it becomes declared or approved by shareholders , leads to liability to company which is shown under the head of current liabilities and subhead other current liabilities. ▪︎ Before approval of dividend - Proposed Div. ▪︎ After approval of dividend - Final div. 4. Source and Maximum use of each source ?? Yaad ayi Section (123 of companies act 2013) ■Source 1. out of the current year distributable profit ■Source 2. out of the fund given by Government as guarantee ■ Source 3. out of the accumulated Reserves of past years ( Only Free Reserve ) 🛑Notes to pointed🛑 🚦1. the company can declare any rate of dividend if they are having a sufficient divisible profit. 🚦2. if the company is not having a sufficient or inadequacy of the sufficient profits company can use the only the free Reserves for the accumulated profit for the declaration of dividend. 🚨Problem :: How much company can use past Free Reserves ???🤔🤔 🔴4 conditions must follow🔴 ✔ 1. Max. rate of dividend = Avg. rate of 3 immediat F.Y. declared dividend ✔ 2. Max. amount withdraw from Free Resv. = 10% ( Paid up Share cap. + Free Resv) ✔3. Min. amount to be kept in a Free Resv. = 15% of Paid up share capital ✔5. Ultilization of withdrawn Amt. • First - set off current year's losses/Dep. • Subsequent - use for decl./pay. of div. 5. Calculation of dividend ?? 🔸️ no time proportionate. 🔸️ always calculated on paid up value. 6.Payment of dividend ?? ♻️Deposit in separate bank Ac - within 5 days from date of declaration of div. ♻️unclaimed or unpaid dividend amount transfer to Unpaid div ac within 7 day after 30days from declaration of dividend. (Sec124) ♻️Mode- Div. warrent or electronic mode or cash form ♻️ if the dividend is not claim or paid within a 7 year from the date the transfer the amount of declared dividend into the unpid dividend account, transfer to IEPF account. Hopefully Some clarification u got 😊 #caaspirants #cacommunity #caintermediate #cajourney #castudents

My take on the efficacy of slump sale post Budget, 2024, as quoted in the Hindu Business Line: “The reduction in tax rates to 12.5 per cent is significant. Slump sales may increasingly be opted by companies especially when cash needs to be redeployed within the transferor company. Slump sales may also be used more often now for entering into a strategic joint venture or facilitating staggered private equity buyouts where the transferor continues for a couple of years and then exits later through sale of shares. The lower rate of 12.5 per cent on sale of shares would facilitate JV structures, ally when cash needs to be redeployed within the transferor company. Commercially, the cash consideration from a slump sale is received by the transferor company and not its shareholders, and this cash can be redeployed in other businesses of the transferor or for debt repayment or M&A activities. Distributing this cash to the shareholders would require the company to issue dividends, resulting in the outgo of additional dividend tax. So, a slump sale would make sense if the cash needs to be redeployed in the transferor company.” Katalyst Advisors Ashley Coutinho #slumpsale #deals #budget2024 #businesstransfer #tax

Acsion Limited has reported a 21% increase in its revenue to R1.43 billion for the year ended February 2024 (2023: R1.19 billion) with a 17% increase in its earnings per share to 270 cents (2023: 231 cents). The company declared a final dividend of 16 cents per share (2023: 18 cents per share): https://bit.ly/3xJD6ad #listedcompanies #realestateinvestment #propertyfund #JSE #assetmanagement #commercialrealestate #shareholders #realestatenews #investorrelations #businessnews #propertyowners #landlords #propertynews #realestateinvestor

Acsion Limited has reported a 21% increase in its revenue to R1.43 billion for the year ended February 2024 (2023: R1.19 billion) with a 17% increase in its earnings per share to 270 cents (2023: 231 cents). The company declared a final dividend of 16 cents per share (2023: 18 cents per share): https://bit.ly/3xJD6ad #listedcompanies #realestateinvestment #propertyfund #JSE #assetmanagement #commercialrealestate #shareholders #realestatenews #investorrelations #businessnews #propertyowners #landlords #propertynews #realestateinvestor

Many directors believe they have an absolute right to monies deposited in a company's bank accounts. However, payment cannot just be withdrawn as there are procedures to follow to be legally compliant. 💸 'Illegal' dividend 👉 A dividend is a distribution of post-tax profits, and it can only be paid if the company has sufficient retained profits from which to make payment. Therefore, before declaring a dividend, it is necessary to check this. If a dividend is paid without a sufficient amount of profit to substantiate the payment, this effectively means that the company is insolvent and considered to be breaking (company) law. 💰 Preferences 👉 Where a dividend payment has been made out of retained profits, there may be instances where a shareholder would prefer not to receive payment of all or part of the dividend or would be tax-advantageous for that particular shareholder not to do so. Feel free to contact us for further information about this subject: 01905921333 or drop us an email-: at admin@severnaccounting.co.uk #takingadividend #shareholder #waivingdividendsrules

Government to amend CPSE capital restructuring guidelines for dividend payment “The government is planning to amend its 2016 guidelines about dividend payment, bonus issues and share buyback by CPSEs, officials said….” #PublicSectorDividends #GovernmentInvestment #CPSEs #FinancialGrowth #MarketCapitalization #InvestorInterest #ShareBuyback #DIPAMGuidelines #FiscalYear2024 #EconomicDevelopment Read here-👇 https://lnkd.in/e6e3UAXp Ministry of Finance Nirmala Sitharaman