How India Inc paid record dividends in these hard Covid times
PSUs like BPCL, Indian Oil, NTPC, SBI, HPCL, Coal India and SAIL contributed the maximum to the dividend kitty in FY21.
Synopsis
103 of 155 companies, including Bharat Petroleum, Indian Oil, Hindustan Unilever, Infosys, SBI, Indus Tower and Ambuja Cement, increased the dividend payout in FY21 over the previous year.
India Inc paid record dividends in FY21 despite the tough Covid times, all thanks to the recovery in earnings, cashflows and improved balance sheets due to low-interest rates. Equity dividends paid by the top 155 of NSE 200 companies jumped 38 per cent or Rs 61,000 crore in FY21 compared with FY20.