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The government wants money from PSUs?
Finshots Daily
How Dividends Benefit Government-Owned Companies
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- The government's ownership in companies allows it to benefit from dividends when those companies make profits.
- The government is urging public sector undertakings (PSUs) to pay dividends.
- PSUs are required by rules to pay a minimum dividend of either 30% of profits after tax or 5% of their net worth, whichever is higher.
- PSUs may choose to retain profits and add them to their cash reserves if they don't have enough growth opportunities.
- Higher dividends from PSUs may attract investors who prefer payouts.
- Brokerages have shown enthusiasm for coal India's profits and cash reserves in FY24.
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