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Indian companies continue paying bumper dividends

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ET Intelligence Group: India Inc distributed the highest amount of dividend in FY18 since at least FY13.

According to the data compiled by the ET Intelligence Group, a sample of 870 companies that declared dividends every year since FY13 paid Rs 1,78,501 crore of dividend, 3 per cent more than that paid in the previous fiscal. The sample companies paid a lesser proportion of their profits as dividend in FY18 compared with the previous year.

This is captured in the payout ratio, which was 36.6 per cent compared with 38.8 per cent a year ago. Tata Group distributed the highest dividend of Rs 11,711 crore among private corporate houses followed by Vedanta (Rs 11,341 crore) and Infosys (Rs 9,500 crore).

The 35 listed PSUs together distributed Rs 60,357 crore of dividend.

A major chunk of Tata Group’s dividend was from the flagship Tata Consulting Services (TCS), the country’s largest software exporter, which paid Rs 9,571.4 crore in dividend.

It was also the largest dividend payer among the private sector companies. At Rs 10,900.5 crore, Indian Oil Corporation, a state run oil refining and marketing company, paid the highest amount of dividend among the sample companies.

It was followed by another state owned company, Coal India with Rs 10,242.2 crore in dividend and TCS. Among the sectors, the contribution of oil and gas companies in the sample’s total dividend was the highest at 19.4 per cent followed by the software companies (13.8 per cent) and mining and mineral companies (11.2 per cent).




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