- within what period dividends should be paid?
- how they should be paid i.e. in this day and age they should be done via EFT?
- escalation steps when they don't get paid by the company
- when they don't get paid by the broker into the investor's account
- do they ever enforce it?
The answer is no.
Lakini, looking at the way firms are dealing with dividends and given that the NSE is a fairly ineffecient market anyway (i.e. in most developed markets, dividend p;olicy does impact share price perfomance over the long-term as opposed to the NSE where investors may trade speculatively to pick up divs before taking off), the NSEshould now come up with clear policy around the issues above. Otherwise we have a situation where KRe announced a div on 29th of April appaertaining to 2007 that will be paid in September!