Are the next in the annual ranking with third, fourth and fifth ranks, respectively. Lakshmi Machine Works Ltd. tops the chart among the BSE 500 companies in terms of the absolute amount of dividend paid by various companies during the financial year 2005-06 alone. The company paid an aggregate dividend of Rs.300 per share of Rs.100 each during the period. It’s followed by the IT giant, Infosys, and the most valuable company of India, ONGC – both paid a dividend of Rs.45 each, for shares with face value of Rs.5 (Infosys) and Rs.10 (ONGC), respectively. Dividend yield might be out of sight, but surely not out of mind; it still rules the charts of many intrepid investors. Finally, it’s the divid-end that firms are afraid of, aren’t they?!
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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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