Vous êtes sur la page 1sur 2

Dividend Yield Stocks

January 9, 2012 High dividend yield stocks offer a safe haven to investors where safety has greater priority compared to high returns. Hence, even if the market remains volatile, going ahead, an investor can still get a decent return on investment, thanks to good dividend yielding stocks. The dividends are paid no matter what direction the stocks move and can provide a higher yield on investment in a weak market. We have analysed the dividend yield pattern of BSE 500 companies and have filtered companies, which have been providing a dividend yield of at least 2% or more for the last seven years. Exhibit 1: Consistently high dividend yield stocks
Company Name Alfa Laval (I) # Allahabad Bank Andhra Bank Ashok Leyland Castrol India # Chambal Fertilizers Clariant Chemicals # Deepak Fertilizers Electrosteel Castings Finolex Industries GNFC GE Shipping Co Graphite India GRUH Finance Hindustan Unilever Indian Overseas Bank Karnataka Bank Nava Bharat Ventures ONGC Polyplex Corporation State Bank of Travancore SCI Supreme Industries Syndicate Bank T N Newsprint Tata Chemicals Tata Elxsi Tata Investment Corporation VST Industries Idirect Code ALFLAV ALLBAN ANDBAN ASHLEY CASIND CHAFER COLCHE DEEFER ELECAS FININD GNFC GESHIP CAREVE GRUFIN HINLEV INDOVE KARBAN NAVBHA ONGC POLCOR STABTR SCI SUPIND SYNBN TAMNEW TATCHE TATELX TATINV VSTIND % Div. Yield 2011 % 2.4 2.6 3.6 3.5 3.3 2.4 4.1 3.2 4.0 3.4 3.4 3.0 3.8 3.1 2.2 3.5 2.8 2.7 3.0 4.9 2.4 5.1 2.4 3.0 3.8 3.0 2.8 3.1 7.0 Div. Yield 2010 % 2.1 3.9 4.6 2.7 4.1 3.1 5.3 4.0 2.4 4.6 2.9 2.7 4.0 3.0 2.7 3.8 3.3 2.1 3.0 4.1 2.6 3.2 3.2 3.5 5.0 2.8 2.2 2.6 5.8 Div. Yield 2009 % 2.7 6.4 10.0 5.5 4.5 4.3 12.3 7.1 9.2 3.6 5.4 4.3 13.7 5.2 3.1 9.9 9.2 5.4 4.1 6.2 6.1 8.5 4.7 6.3 7.9 6.4 8.5 6.5 13.3 Div. Yield 2008 % 2.3 4.6 5.4 4.3 3.9 3.6 3.0 3.6 2.9 4.6 3.2 4.0 5.8 2.6 4.2 2.6 2.5 2.6 3.3 3.8 2.1 4.3 4.6 3.7 4.5 3.2 4.4 3.1 6.5 Div. Yield 2007 % 3.0 4.1 5.0 3.9 4.0 5.8 5.3 3.5 3.3 4.4 4.9 5.7 5.8 2.2 2.8 2.9 2.1 4.0 3.5 3.9 3.3 4.9 3.2 4.4 4.8 3.9 2.4 4.4 6.1 Div. Yield 2006 % 2.5 5.1 4.3 3.3 3.3 4.6 7.6 3.0 3.4 4.3 3.7 3.4 2.0 2.7 2.5 2.7 3.0 2.5 3.4 2.4 2.4 5.0 3.2 2.8 2.6 2.7 3.3 2.8 2.6 Div. Yield 2005 3.4 3.6 2.8 4.8 3.8 6.2 2.4 4.8 3.0 4.3 5.4 5.9 2.3 4.7 3.5 3.2 2.8 2.3 4.5 4.3 3.7 4.7 3.2 3.7 4.7 4.3 3.0 4.0 5.4

Wyeth WYELED 2.6 2.8 7.8 6.6 6.6 4.0 4.9 Source: Capitaline, ICICIdirect.com Research # data for Alfa Laval, Clariant Chemicals and Castrol represents year 2010 to 2004 as these companies have a December year ending and the latest financial year end data available is till December 2010 Note : Dividend yield is calculated on financial year end closing price

ICICI Securities Ltd. | Retail Equity Research

Pankaj Pandey

Head Research ICICIdirect.com Research Desk, ICICI Securities Limited, 1st Floor, Akruti Trade Centre, Road No. 7, MIDC Andheri (East) Mumbai 400 093 research@icicidirect.com

pankaj.pandey@icicisecurities.com

Disclaimer
The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICI Securities Ltd (I-Sec). The author of the report does not hold any investment in any of the companies mentioned in this report. I-Sec may be holding a small number of shares/position in the above-referred companies as on date of release of this report. This report is based on information obtained from public sources and sources believed to be reliable, but no independent verification has been made nor is its accuracy or completeness guaranteed. This report and information herein is solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed in this report may not be suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial positions and needs of specific recipient. This report may not be taken in substitution for the exercise of independent judgment by any recipient. The recipient should independently evaluate the investment risks. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance. Actual results may differ materially from those set forth in projections. I-Sec may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject I-Sec and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.

ICICI Securities Ltd. | Retail Equity Research

Page 2