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Covid-19 impact: Dividend payout by IT firms likely to dip further in FY21

Payout has fallen for most firms except TCS in FY20 as companies looked at conserving cash

dividend | dividend dues | dividend tax

Debasis Mohapatra  |  Bengaluru 

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Sources in the know said this trend is likely to continue in FY21 as well as firms take into account their own priorities before deciding upon the capital allocation policies | Representative image

payout by information technology (IT) services firms in the ongoing financial year is likely to witness a dip as compared to previous years, as are aggressively looking at conserving cash to tide over Covid-induced slowdown.



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First Published: Mon, June 15 2020. 19:52 IST