The Financial Express: Corporate dividends increased 35.5% in India in the 2009-10 period comprising FY’10. This is the finding of a FE survey. The aggregate dividend payout of 1,121 major companies (excluding banks and NBFCs) increased to Rs 64,881 crore in ‘09-10 from Rs 47,898 crore in ‘08-09. There was in fact a marginal decline (3.5%) in dividend payment by these companies in ‘08-09 from Rs 49,657 crore in ‘07-08.
The aggregate net profits of the sample companies during the same period have decreased by 5.7% from Rs 2.09 lakh crore to Rs 1.97 lakh crore during ‘08-09 and increased thereafter by 18.7% to Rs 2.34 lakh crore during ‘09-10. The share of dividend in net profit has steadily increased from 23.69% during ’07-08 to 24.23% during ‘08-09 and further to 27.65% during ’09-10. Read more…..
Hat tip to Sanjeev Kulkarni
