JOIN USStock markets may have turned topsy-turvy, but shareholders of the 30 Sensex stocks are in for over Rs 36,000-crore bonanza in terms of dividend payouts by these companies.
While promoters of these top blue-chip companies will get around Rs 15,500 crore as their share in this dividend bonanza, the non-promoters, including retail investors and institutions, would also get over Rs 20,000 crore.
These dividends have been approved by the boards of the respective companies for the fiscal year 2012-13 and would be paid to the shareholders in the coming weeks. They include special or interim dividend payments in some cases.
ITC, ICICI Bank, HDFC and L&T have no promoter entities and so the dividend payouts by these companies goes entirely to non-promoter shareholders.