<h1>Public Sector Banks Must Follow Dividend Guidelines: Minimum 20% for PSEs, 30% for Oil and Chemicals Sectors.</h1> Public Sector Banks (PSUs) are required to adhere to guidelines for dividend payments. Profit-making Public Sector Enterprises (PSEs) must declare a minimum dividend of 20% on equity or post-tax profits, whichever is higher, if disposable profits are available. For sectors like Oil, Petroleum, and Chemicals, the minimum is 30%. Companies with substantial cash surpluses and no reinvestment plans must declare special dividends. These guidelines were disseminated to all Ministries and Departments as part of the 2014-15 Budget Circular, as stated by the Minister of State in the Ministry of Finance in a written response to the Lok Sabha.