Realty companies give out striking dividends
Though the present real estate market of India is witnessing a downtrend, it has not stopped the listed companies from shelling out attractive dividends for the fiscal year 2012.
According to an analysis, 26 listed companies – most having a 50% or more promoter holding – recommended an aggregate dividend of Rs 722 crore during this year. And the country’s biggest real estate firm, DLF, which has a total debt of Rs 22,725 crore, contributed half the payout at Rs 339.7 crore.
Realty developers like DLF, Godrej Properties, Marathon Nextgen Realty, Phoenix Mills, Sobha Developers, Prestige Estates Projects and Puravankara Projects are among developers that have handed out liberal dividends.
In all these companies, the promoter holding is more than 50% and in few companies like DLF, Prestige Estates and Puravankara Projects, it’s more than 75%.
To read more real estate news:
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Source: The Economic Times
aggregate dividend of Rs 722 crore, biggest real estate firm, dividends, DLF, Godrej Properties, India, listed companies, Marathon Nextgen Realty, Phoenix Mills, Prestige Estates Projects, promoter holding, Puravankara Projects, Real-estate market, Realty developers, Sobha Developers
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[...] Realty companies give out striking dividends [...]