317 companies of the country made investors rich, gave a dividend of Rs 3.26 lakh crore in one year

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देश की 317 कंपनियों ने निवेशकों को किया मालामाल, एक साल में दिया 3.26 लाख करोड़ रुपये का डिविडेंड

More than 300 listed companies of the country have made money in the financial year 2023. Yes, these companies have announced to give 26% more dividend to their investors than last year. According to the data, in the financial year 2023, 317 companies of the country have announced a dividend of Rs 3.26 lakh crore to the investors, which is more than 26 percent from the financial year 2022. On the other hand, there has also been an increase in the payout ratio of these companies, which has increased from 34.66 per cent in FY2022 to 41.46 per cent in FY2023.

TCS gave the highest dividend

The country’s largest IT company Tata Consultancy Services has announced the highest dividend of Rs 42,090 crore and it is on top of the list. The company has announced 167.4 percent more dividend to the investors than last year. On the other hand, Vedanta has declared a dividend of Rs 37,758 crore, which is 126 per cent more than last year. At the same time, Hindustan Zinc will give a dividend of Rs 31,899 crore with a jump of 319 percent.

Why increased dividend

According to stock exchange data, Coal India with dividend payout of Rs 20,491 crore (95.6 per cent growth), ITC Rs 15,846 crore (11.8 per cent), ONGC Rs 14,153 crore and Infosys Rs 14,069 crore are among the top ten. Abhijeet Roy, MD and CEO of Berger Paints India, said in the FE report that corporates had reduced their dividends during Kovid, and now the increase is due to a jump in revenue and earnings. This growth is expected to continue.

Dividend more than doubled compared to last year

In the matter of giving dividend, the declaration of dividend per share made by the top three companies was more than doubled as compared to last year. TCS has talked about giving a dividend of Rs 115 per share in the financial year 2023. Which was Rs 43 per share in FY 2022. Vedanta has announced to give Rs 101.50 per share, which was Rs 45 last year. Hindustan Zinc has declared a dividend of Rs 75.50 per share, which was Rs 18 last year.

Capex may increase

The increase in dividend has been seen at a time when corporates can increase their capex by about 14 per cent in FY2024 and this increase can be seen for at least the next three years. Vedanta’s board has approved its first interim dividend of Rs 18.50 per share for FY24, amounting to Rs 6,877 crore. This step has been taken at a time when its parent company Vedanta Resources is looking to raise funds to reduce debt.

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