News From Press Firms dole out large dividends amid covid

Firms dole out large dividends amid covid

661 firms have announced dividends of ₹49,674 crore between April and September

Mint Oct 7, 2020

Indian companies have doled out large dividends this fiscal to prevent public shareholders from dumping their shares amid the economic uncertainties caused by the covid-19 pandemic and lockdowns. Shareholders have also sought increased dividends this year to earn from equity investments and partly compensate their income losses. This has prompted various companies to incentivize their public shareholders.

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