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omshivaya
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Joined: 06/Sep/2006
Location: India
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Posts: 5966
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 Topic: Good Dividend Yield (Sustainable) stocks Posted: 31/Aug/2008 at 1:21am |
I chanced upon a list of high dividend-yield stock list that ICICI was presenting. Here it is as follows:
Co_Name Ex Date Dividend % FV(Rs) CMP Div. Yield (%)
JK Paper 13/08/2008 15% 10 32.6 4.6
V I P Inds. 14/08/2008 30% 10 74.45 4.0
Bongaigaon Ref. 20/08/2008 50% 10 67.3 7.4
Banco Products 21/08/2008 70% 2 32.3 4.3
Wyeth 22/08/2008 300% 10 479.65 6.3
Indiabulls Real 27/08/2008 675% 2 312.85 4.3
Indiabulls Sec 27/08/2008 375% 2 72.05 10.4
My note: I was particularly suprised by IndiaBulls sec's dividend yield being 10.4%. Dunno whether it is sustainable or not?
We can have in this thread a list of stocks that are likely to grow at a rate of greater than 15% and have are likely to have a dividend yield of minimum 2% over the next many years.
Edited by omshivaya - 31/Aug/2008 at 1:33am
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manishdave
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Joined: 05/Aug/2006
Location: India
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Posts: 1371
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 Posted: 31/Aug/2008 at 2:54am |
Interesting thread at present time. Better will be those who can and probably will increase dividends.
Bongaigaon Ref yield is actually 10% at current price. But there is a catch. Merger with IOC is pending and ratio at current price is not favourable to Bongaigaon. But then it is pending since 2 years and not likely to happen before election. I don't know sebi rule abt validity of of 2-3 years ratio. At stand alone bong. has a moat. They process crude from Assam closed to production. Other refineries are far and new refinery can not be supported there. So no growth but good cash flow and not much debt. They don't do marketing themselves so less problems from govt. But again merger is uncertainity.
Balmer Lawrie investment may give 8-10% yield next year from current stock price.
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Mohan
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 Posted: 31/Aug/2008 at 4:50am |
Div Yield in India Bull SEC has been declared its Div of Rs 7.50 / share on Apr 28 2008. Div is expected to be distributed after the AGM on Sept 5 2008. It seems to be a one off thing. Don't expect it to be repeated next year.
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prashantmohta
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 Posted: 31/Aug/2008 at 9:35am |
omji, r u sure indiabull will maintain this dividend next year.
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rakeshmehta48
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 Posted: 31/Aug/2008 at 9:58am |
Om Ji
Varun Shipping is paying Rs 5 dividend per share. At MP of 67 dividend yield works out close to 7.50%
Company has grown at decent pace during past 3-4 years.
Future growth should be higher than 15%
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rakeshmehta48
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 Posted: 31/Aug/2008 at 10:07am |
Ultramarine is giving Rs.3 dividend on 37.
Yield is above 8%
Company has some bonus history in the past.(1987 1:1, 1995 1:1, 2003 3:5)Looks very reasonable at this price. Downside looks cushioned.
But I don't have much idea about future growth.
Edited by rakeshmehta48 - 31/Aug/2008 at 10:10am
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Vivek Sukhani
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 Posted: 01/Sep/2008 at 12:02pm |
This list is incomplete without stocks like hawkins and castrol.......
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Jai Guru!!!
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rakeshmehta48
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Joined: 01/Dec/2007
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 Posted: 01/Sep/2008 at 12:22pm |
Originally posted by Vivek Sukhani
This list is incomplete without stocks like hawkins and castrol.......
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and many more
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Fund Management is Most Important
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