8/3/2019 ICICIdirect_HighDividendYieldStocks_2011

1/2ICICI Securities Ltd. | Retail Equity Research

January 9, 2012

Dividend Yield Stocks

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 Idirect Code

Div. Yield

% 2011

Div. Yield

% 2010

Div. Yield

% 2009

Div. Yield

% 2008

Div. Yield

% 2007

Div. Yield

% 2006

Div. Yield

% 2005

Alfa Laval (I) # ALFLAV 2.4 2.1 2.7 2.3 3.0 2.5 3.4

Allahabad Bank ALLBAN 2.6 3.9 6.4 4.6 4.1 5.1 3.6

Andhra Bank ANDBAN 3.6 4.6 10.0 5.4 5.0 4.3 2.8

Ashok Leyland ASHLEY 3.5 2.7 5.5 4.3 3.9 3.3 4.8

Castrol India # CASIND 3.3 4.1 4.5 3.9 4.0 3.3 3.8

Chambal Fertilizers CHAFER 2.4 3.1 4.3 3.6 5.8 4.6 6.2

Clariant Chemicals # COLCHE 4.1 5.3 12.3 3.0 5.3 7.6 2.4Deepak Fertilizers DEEFER 3.2 4.0 7.1 3.6 3.5 3.0 4.8

Electrosteel Castings ELECAS 4.0 2.4 9.2 2.9 3.3 3.4 3.0

Finolex Industries FININD 3.4 4.6 3.6 4.6 4.4 4.3 4.3

G N F C GNFC 3.4 2.9 5.4 3.2 4.9 3.7 5.4

GE Shipping Co GESHIP 3.0 2.7 4.3 4.0 5.7 3.4 5.9

Graphite India CAREVE 3.8 4.0 13.7 5.8 5.8 2.0 2.3

GRUH Finance GRUFIN 3.1 3.0 5.2 2.6 2.2 2.7 4.7

Hindustan Unilever HINLEV 2.2 2.7 3.1 4.2 2.8 2.5 3.5

Indian Overseas Bank INDOVE 3.5 3.8 9.9 2.6 2.9 2.7 3.2

Karnataka Bank KARBAN 2.8 3.3 9.2 2.5 2.1 3.0 2.8

Nava Bharat Ventures NAVBHA 2.7 2.1 5.4 2.6 4.0 2.5 2.3

O N G C ONGC 3.0 3.0 4.1 3.3 3.5 3.4 4.5Polyplex Corporation POLCOR 4.9 4.1 6.2 3.8 3.9 2.4 4.3

State Bank of Travancore STABTR 2.4 2.6 6.1 2.1 3.3 2.4 3.7

S C I SCI 5.1 3.2 8.5 4.3 4.9 5.0 4.7

Supreme Industries SUPIND 2.4 3.2 4.7 4.6 3.2 3.2 3.2

Syndicate Bank SYNBN 3.0 3.5 6.3 3.7 4.4 2.8 3.7

T N Newsprint TAMNEW 3.8 5.0 7.9 4.5 4.8 2.6 4.7

Tata Chemicals TATCHE 3.0 2.8 6.4 3.2 3.9 2.7 4.3

Tata Elxsi TATELX 2.8 2.2 8.5 4.4 2.4 3.3 3.0

Tata Investment Corporation TATINV 3.1 2.6 6.5 3.1 4.4 2.8 4.0

VST Industries VSTIND 7.0 5.8 13.3 6.5 6.1 2.6 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

8/3/2019 ICICIdirect_HighDividendYieldStocks_2011

2/2ICICI Securities Ltd. | Retail Equity Research Page 2

Pankaj Pandey Head Research pankaj.pandey@icicisecurities.com

ICICIdirect.com Research Desk,ICICI Securities Limited,1st Floor, Akruti Trade Centre,

Road No. 7, MIDC

Andheri (East)

Mumbai 400 093research@icicidirect.com

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