On the basis of the rate of equity dividend, Hero Honda Motor topped the list of top 5 corporates with 5250% , followed by Patni Computer (3150%), Colgate Palmolive (2200%), Crisil (2000%) and TCS (1400%). Among the 918 dividend paying companies for 2010-11 and 2009-10, 449 raised the rates of dividend, 163 paid lower rates and 306 maintained their levels.
Among the 449 companies, those who raised their dividend payment significantly during 2010-11 are Patni Computer, Crisil, Merck, Infosys Techno, Aventis Pharma, Colgate Palmolive and Coromandel International.
On the other hand, companies which reduced their dividends significantly during 2010-11 are Engineers India, TCS, ITC, EID Parry, Hero Honda Motors and Castrol India. Among the 30 industries studied, 18 distributed dividends at the rate of less than 30% of their net profit. Three industrial groups namely cigarettes, oil exploration and personal care recorded a ratio in the range of 50% to 70%, while other three industries namely hotels, food and products and shipping recorded more than 40%.