ET 500: IT and energy companies emerge as top dividend payers

It is no surprise that the top dividend companies is dominated by the energy and IT sectors in 2015. TCS, emerged as the top dividend payer after declaring a special dividend of Rs 40 per share on account of 10th anniversary of its initial public offer. A case in point is that most of the companies in the list are cash rich. That might, however, change as companies such as NMDC and ONGC may not find a place in the list next year given the likely fall in profits due to lower commodity prices. Coal India is the only company in the top 10 list, which paid a lower dividend compared to last year. The top 10 dividend paying companies contributed 46% to the total dividend paid by ET500 companies for fiscal year 2015.