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Investors profit as many companies declare dividend

A decent number of Indian companies are already giving back a higher percentage of their profits as dividends to shareholders

June 20, 2013 4:23 IST | India Infoline News Service
Despite choppy and volatile stock markets, shareholders of the 30 Sensex stocks are in for over Rs. 360 billion bonanza in terms of dividend payouts by these companies, according to a media report.

While promoters of these top blue-chip companies will get around Rs. 155 billion as their share in this dividend bonanza, the non-promoters, including retail investors and institutions, would also receive around Rs. 200 billion, the report added.

These dividends have been approved by the boards of the respective companies for FY12-13 and would be paid to the shareholders in the coming weeks. They include special or interim dividend payments in some cases.

A decent number of Indian companies are already giving back a higher percentage of their profits as dividends to shareholders this year.

Among the companies include Dena Bank, Bank of India, Union Bank, NIIT Technologies, Hero MotoCorp, Bharti, Adani, DLF and Torrent that are opting to distribute a higher proportion of profits to shareholders rather than use the same in their businesses.

Oil India and Coal India stand first in the list of dividend paying public sector firms in FY13. Oil India paid a dividend of Rs. 30 per share, while Coal India announced a dividend of Rs. 14 per share in FY13 and NMDC paid a dividend of Rs. 7 per share.

Dividend payout refers to the percentage of profits a company gives out as dividend.



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