Sun TV management faces investor ire over sharp cut in FY21 dividend

Mumbai: Sun TV Network NSE -1.89 % is at the receiving end of investor ire after the cut in its annual dividends in FY21.

The company’s dividend payout ratio that was at an average of 49 per cent in the past five years has now reduced to 13 per cent during the past fiscal.

Investors and analysts raised their concerns over the lower dividend payout in a conference call last week.