Over 120 dividend paying companies currently have a dividend yield of over five per cent, according to a study. The dividend yield is based on the current market price and dividend paid in the financial year 2005-06.
The market value of the losers declined by an average of 20 per cent, while that of the 45 per cent that gained rose by 35 per cent.
Riding high on profit growth, India Inc is doling out interim dividends like never before
143 million shares valued at Rs 11,000 crore are outstanding with these companies to be offered as stock options in the coming years
India Inc's order-book surged 80% to Rs 73,233 crore in 2006.
The government owned oil companies have proposed to pay interim dividend for the financial year 2006-07
Market wealth worth Rs 1,06,838 crore (Rs 1,068.38 billion) was eroded on Monday as the 30-scrip BSE Sensex reported a record fall of 400 points in a single day, the highest in the last six months.
The Indian market on Tuesday displaced its South Korean counterpart to attain the fourth position in the market cap rankings for the Asia Pacific region, with a total market cap of $821 billion.
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