IT sector biggest contributor to India Inc dividend pool in the past decade

Topics IT sector | India Inc

The information technology (IT) sector emerged as the biggest contributor to India Inc’s dividend pool in the past decade. The oil & gas sector had been the biggest contributor to the profit pool, showed a study conducted by Motilal Oswal. The brokerage analysed profits and payouts for 186 companies between FY10 and FY20. Payout is the percentage of profits paid to shareholders as dividends. The remaining is retained by the company for reinvesting or acquisitions. The average payout by the 186 companies in the past decade had been 41% and annualised returns for their stocks h.....

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