Bringing more cos under dividend payout policy a bonus for investors

ET Intelligence Group: In a year when several large and small companies have altered their dividend policies, market regulator Sebi’s new rule extending the requirement of formulation of dividend distribution policy by the existing top 500 listed entities to the top 1,000 listed entities (based on market cap) has proved to be a timely move. Accumulated surpluses, excess liquidity with companies and limited opportunities to invest in the