Indian companies rewarded their shareholders in 2014-15 with the biggest chunk of their profits in at least 11 years as they saw no reason in saving the money for capital expenditure in an economy starved of demand, data showed. A Mint analysis of BSE-100 companies based on Capitaline data found that their dividend payment ratio—the share of net profits given as dividends—rose to 34.52% in 2014-15. This is the highest such figure since at least 2004-05. Of these 100 companies, the dividend payout ratio of 78 private companies rose to 34.02%—the highest in at least 11 years—while that of 22 state-run companies fell slightly to 35.40% from 38.49% a year before, still the second highest in at least 11 years.
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