India’s best dividend-paying stocks
Does ITC give dividend?
ITC Limited ITC has declared an equity dividend of 1075.00 percent, or Rs 10.75 per share, for the fiscal year ending March 2021. In terms of dividend yield, the stock currently trades at Rs 219.10 per share. The company has a solid dividend history, having given dividends on a yearly basis for the previous five years.
Is ITC good stock to buy?
A range-bound price action is expected for ITC stock, according to this report. Shares of ITC have been given a Buy rating by Axis Capital with a target price of Rs.290 apiece because of the low base, positive recovery in cigarettes, and structural increase in FMCG.
Does ONGC give dividend?
In addition, an interim dividend of Rs 5.5 per share was issued by the firm. Rs 6,919 crore will be paid out in total on this account. On November 23, 2021, dividends will be distributed to shareholders who meet the criteria.
ONGC said in a statement that crude oil and gas output has decreased this year due to the effects of storm Tauktae and Covid.
Under certain conditions, ONGC says it has the option of paying corporate income tax at a reduced rate of 22% plus applicable surcharge and cess instead of the previous 30% plus applicable surcharge and cess.
According to section 115BAA of the Income Tax Act, 1961, a reduced tax rate will be available starting in fiscal year 2020-21 if all the provisions of the section are taken into account.
Because of this and in accordance with provisions provided by said section, the firm has recorded tax charges in the financial results for the quarter and half year ending September 30, 2021, and re-measured its net Deferred Tax Liabilities on that basis.
The net effect of using this option was a reduction of Rs 8,541 crore in deferred tax and a reduction of Rs 1,304 crore in current tax (including relating to earlier years).
As of July-September 2020, ONGC realized USD 69.36 for every barrel of crude oil it produced from fields under its control, compared to USD 41.38 per barrel in July-September 2019.
ONGC’s crude oil output decreased by nearly 4%, to 5.471 million metric tons, while its gas output fell by 7%, to 5.467 billion cubic meters of natural gas equivalent per day.
The WO-16 Cluster project in the western offshore was similarly disrupted by a delay in the mobilization of a mobile processing unit. The board of directors has approved an 11% interim dividend (Rs 5.50 on each equity share of Rs 5). Rs 6,919 crore will be paid out in total on this account.
Does SBI shares give dividend?
As of March 31, 2021, State Bank Of India has declared an equity dividend of 400.00 percent amounted to Rs 4 per share for the year ended March 2021. A 0.84 percent dividend yield is the result at the present stock price of Rs 476.70.
For the past five years, the corporation has continuously paid out dividends to shareholders.
What dividend does TCS pay?
the TCS board has recommended a 7 rupees per equity share second interim dividend for the current financial year for Tata Consultancy Services (TCS). The news was made in conjunction with the release of the company’s third-quarter 2021 financial results on Friday.
Is NTPC a good buy?
NTPC, however, is a great investment even at its current price. NTPC, for example, is like an annuity for long-term investors. There is a healthy dividend income, the business is well-established, and the company’s forward and backward integration is well-developed.
Is Wipro a good investment?
What are the long-term benefits of investing in the stock market? Let’s take a look at how much money you could have made in Wipro if you acquired 100 shares in 1980 and forgot about them to illustrate this idea.
2014Corporate Action for the Year
First Year (Investment Made)10019811:1 Bonus20019851:1 Bonus400198610 for 1 Stock Split4,00019871:1 Bonus8,00019891:1 Bonus16,00019921:1 Bonus32,00019951:1 Bonus64,00019972:1 Bonus1,92,00019995 for 1 Stock Split9,60,00020042:1 Bonus28,80,00020051:1 Bonus57,60,00020102:3 Bonus96,00,00020171:1 Bonus1,92,00,000
There’s a good reason why the above numbers look so mind-boggling: they’re genuinely mind-boggling. Buying a Bajaj Scooter in 1980 was a simple matter if you had an extra Rs.10,000/- (not too much to ask). Instead, if you had purchased 100 shares of Wipro at Rs.100 each, you would have invested Rs.10,000. Even if you hadn’t done anything else, your 100 shares would have increased to 1.92 crore shares over the past 37 years. Investments in Wipro made back in 1980 are now worth more than 545 crore rupees at the current market price of Rs.284. The long-term power of stocks is a result of this. A CAGR of 42.9 percent has been maintained consistently over the past 37 years in annualized returns terms. In the long run, equities have the capacity to transform the financial landscape.
The argument has some criteria attached to it. In order to give up a Bajaj bike and invest in equities, one must first have the foresight to do so. Secondly, not every stock you buy is Wipro. In fact, 99 percent of the time, it will not be a Wipro. There is no way you can wait for 37 years for your stock to turn out to be Wipro even if you are one of the lucky 1% of investors. There must be some middle ground for building long-term wealth through equity investing, despite the numerous drawbacks just mentioned.
Over the past 20 years, if you had invested in an equity-SIP in one of the diversified funds, you could have expected to see a 15% to 16% annualized return. You don’t need to bother about stock selection here. Focus on a high-quality, diversified stock fund and allocate a fixed monthly sum. So how much does that mean? In our hypothetical example, you are now 24 years old and have just begun your professional career. If you start a 30-year SIP today with just Rs.10,000, you will end up investing Rs.36 lakhs in the SIP over the next 30 years. After 30 years, your investment will be worth Rs.7.11 crore if the fund averages a 15% annualized rate of return. That is the long-term power of compounding in stocks. It is obvious that long-term goals require money to work for you, and so equity may be the greatest option. You’ll have almost 35 years before retirement if you start saving at age 24. Investing in stocks, then, is your greatest bet for building wealth over the long run.
If you find yourself in this situation, you must adhere to a single guideline. Debt should play a major role in any goal that is due within the next three to five years. Short-term objectives, such as those with time horizons of less than three years, necessitate a higher share of liquid and short-term investments in a portfolio. Debt funds should favor G-Sec funds more when the target is maturing in three years or less because most corporate debt instruments have a liquidity cost. Short-term objectives with a duration of less than five years should typically be matched with only a small proportion of equity capital using debt and liquid assets. A higher proportion of stocks may be appropriate for long-term objectives.
This goal-based investment strategy necessitates an understanding of an intriguing aspect of liquidity management. To illustrate, imagine that you’re working toward your own retirement in 30 years, or saving for your child’s post-college expenses in 20 years from now. Both of these are clearly long-term objectives, and as a result, a higher share of assets should be allocated to stocks. But for how long should you be willing to take a chance on stocks? It is recommended that you begin your SIP unwinding strategy at least two to three years before your desired goal date. In other words, if your aim is to retire in 20 years, you can’t wait that long to begin unwinding your investment portfolios now. To avoid any risk to your portfolio’s liquidity or volatility, you should aim to be liquid well before the due date. Long before the need for the goal actually exists, the change from debt to liquid cash should take place.
The essence of investing is investing with a goal in mind. The urge to invest in equities at random is something to avoid. Consider tying your investment to a specific objective. Even if the aim is short- or long-term, it doesn’t matter. That’s the whole point of investing with a certain end in mind!
Does Tata Power give dividend?
An equity dividend of Rs 1.55 per share was issued by Tata Power Company for the fiscal year ending March 2021. The dividend yield is 0.68 percent at the current share price of Rs 226.45.
