Moneycontrol ran a check on stocks which have consistently given dividend yields of least 2% every year in last 5 years.
Investors who are looking for stable returns for their investments in the equity market can consider companies which have declared consistent dividend to their shareholders. If the stock price trended lower than their investment price, they will earn at least their dividend amount. If the price went up over their investment amount, then it would be an icing on the cake for them.
Moneycontrol ran a check on stocks which have consistently given dividend yields of least 2 percent every year in the last 5 years. In the BSE universe, only seven companies made the cut. These stocks include: PTL Enterprises, LKP Finance, Damodar Industries, Bright Brothers, Selan Exploration Technology, Ador Fontech and Sicagen India.
Interestingly, Damodar, Bright Brothers and Sicagen India have doubled their investors’ returns in the last 5 years. Only Selan gave negative returns.
Dividend yield is dividend as a percentage of the stock price at the end of the fiscal year.
Follow @riteshpresswalaGet access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.