A fall in equity markets has seen the number of companies with high dividend yields of over 5 per cent increasing to over 400 from less 100 in January this year. Around 1,038 companies have declared dividend in the last three years. Of these, 410 companies currently have dividend yields of over 5 per cent. The dividend yield is based on the current market price of stocks and the dividend paid by companies in the financial year 2007-08. The study reveals that high dividend-yield stocks are historically the best bet in a bear market. Most of the mid- and small-cap companies have been offering high dividend yields. A total of 410 companies, which have dividend yields of more than 4 per cent, had paid total dividend of Rs 14,385 crore in FY08, accounting for 32 per cent of the total net profit of Rs...
[read full story]
Your Web Site
