Markets
BSE See NSE See 27,782.25
-53.66 (-0.19%)

Top 5 Companies With A Consistent Dividend Paying History

By Saikat Mitra | 1/25/2013 9:00 PM Friday

Indian investors have a liking for dividends. While investing in shares, dividends are considered to be one of the sources of income for the investors apart from the capital appreciation. Therefore, it has been found that companies that have been consistent dividend payers attract more interest from investors than non-dividend paying companies.

In the following article, we have looked at companies that have paid dividends consistently for the past 11 years. While coming to the final list we have considered companies that have not only been regular dividend-payers but have also increased their dividend per share consistently.

We started off with 2500 companies and came down to 8 companies considering the above-mentioned logic. We have selected the top 5 companies sorted on the basis of their market capitalisation as of Jan 24, 2013. Let us now go through the top 5 companies with a consistent dividend payment history.

Company nameDividend Per Share (Rs)Mcap (Rs/Cr)
FY02FY03FY04FY05FY06FY07FY08FY09FY10FY11FY12
Axis Bank 2 2.2 2.5 2.8 3.5 4.5 6 10 12 14 16 59417
Colgate-Palmolive (India) 4.25 4.25 6 7 7.5 9.5 13 15 20 22 25 19127
Shree Cements 1 2.5 3 4 5 6 8 10 13 14 20 15729
Reliance Infrastructure 4.3 4.4 4.5 4.7 5 5.3 6.3 7 7.1 7.2 7.3 13552
Corporation Bank 3.6 4.5 6 6.5 7 9 10.5 12.5 16.5 20 20.5 6585
Source: Insight

Axis Bank: Axis Bank was established in the year 1994 as one of the first new private banks after the Government of India allowed establishment of new private banks. The Bank was promoted jointly by the administrator of the specified undertaking of the Unit Trust of India (UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC) and four other PSU insurance companies. Since then the bank has grown in its strengths and as of Nov 30, it operates through a network of 1763 branches and 10700 ATMs.

Since FY2002, the bank has been a consistent dividend payer and has increased its dividend per share in each fiscal thereon. In FY2012, the bank has provided a dividend of Rs 16 per share and has yielded a return of 75.31% in the last year.

Colgate-Palmolive (India): Colgate-Palmolive (India) is engaged in manufacturing and selling of oral care and personal care products. The company offers oral care products, which include toothpastes, toothbrushes, toothpowder, whitening products, kid’s products, and mouthwashes. It also provides personal care products comprising of body wash, liquid hand wash, shave preps, skin care, and hair care products. The company was founded in 1937 and is based in Mumbai. The company has a strength of 1978 employees in India as of May 2012.

The company has been a consistent dividend payer since FY2002 and has increased its dividend per share in each year thereafter till FY2012. In FY2012, the company has rewarded the investors with a dividend of Rs 25 per share. The scrip, in the last one year, has yielded a return of 45.12% and the market capitalisation stands at Rs 19127 crore.

Shree Cement: Shree Cement engages in the manufacture and sale of cement in India. The company offers cement under the three brand names- Shree Ultra, Bangur Cement, and Rockstrong Cement. It is also involved in the power generation business with a generation capacity of approximately 560 megawatts, including thermal power plants with a capacity of 300 megawatts and waste heat recovery power plants with a capacity of 46 megawatts. Shree Cement Limited is based in Kolkata.

The scrip, in the last one year, has yielded a stupendous return of 112% and the market capitalisation stands at Rs 15729 crore. In the last fiscal i.e. FY2012, the company has paid a dividend of Rs 20 per share. Since FY2002, the company has been a consistent dividend payer till the last fiscal.

Reliance Infrastructure: Reliance Infrastructure, a part of Reliance ADA Group, is India's largest infrastructure company. It is India’s leading utility company having a presence across the value chain of power business i.e. generation, transmission, distribution, EPC and trading. It is the largest infrastructure company that develops projects in all high growth areas of the infrastructure sectors like roads, highways, metro rails, airports and especially real estate.

Since FY2002, the company has been a consistent dividend payer and has increased its dividend per share in each fiscal thereon. In FY2012, the company has provided a dividend of Rs 7.30 per share. In the last one year, the company has yielded a return of 54.72% and the market capitalisation stands at Rs 13552 crore.

Corporation Bank: Corporation Bank provides banking products and services primarily to individuals and corporate customers in India. The company offers personal banking products and services, including deposit products like RD accounts, savings bank accounts, salary accounts, current accounts, tax-saver deposit schemes, and term deposits. The bank was founded in 1906 and is based in Mangalore with 6,164 service outlets.

It has been a consistent dividend payer since FY2002 and has increased its dividend per share in each year thereafter till FY2012. In FY2012, the bank has rewarded its investors with a dividend of Rs 20.50 per share. The scrip, in the last one year, has yielded a return of 28.92% and the market capitalisation stands at Rs 6585 crore.

Find More Articles on: DSIJ Others, Slide Shows, Markets, DSIJ Mindshare, Product, Large Cap, PSU

collapse Related Readings collapse

DSIJ
Mindshare

Overnight Digest – Stocks to look out for on August 29

Overnight Digest – Stocks to look out for on August 29

The stocks which could witness a significant movement on August 29 are Capital Trust, Trident, IOC, Alankit and DLF.

Welspun's loss becomes Trident gain

Welspun's loss becomes Trident gain

‘One man’s trash another man’s treasure' is an idiom that somewhat resembles the situation in which Trident is right know sailing. The BSE 500 stock on Aug 26 has emerged as the top gainer on the bourses surging by more than 10 per cent. 

Indices struggled; Tata Motors surges

Indices struggled; Tata Motors surges

The bears have been active from last three consecutive days and the Indian markets are struggling to breakout. In first day of F&O trade, Banking, Healthcare, IT and Capital Goods indices closed on a negative note. The Nifty ended lower by 19 points at 8572; and Sensex was 53 points down at 27782. The indices lost -0.31 to -0.19 per cent respectively.

Tata Motors ends in green despite of weak Q1FY17

Tata Motors ends in green despite of weak Q1FY17

Tata Motors has declared its Q1FY17 results on Friday. The company’s revenue has increased by 9.02 per cent to Rs 67056 crore in Q1FY17 as compared to same period in previous fiscal.

Mid-market commentary Aug 26

Mid-market commentary Aug 26

Indian markets opened on a positive note but retreated from the very moment to trade in red, continuing with its previous fall. Markets have seen gradual lower tops and lower bottoms in the intraday trade. Broader markets are flat.

Abbott India witnesses incremental revenue in Q1FY17

Abbott India witnesses incremental revenue in Q1FY17

Abbott India has declared its Q1FY17 results on Friday. The company’s revenue has increased by 15.83 per cent to Rs 738 crore in Q1FY17 as compared to same period in previous fiscal. 

Top Gainers and Losers of mid-day

Top Gainers and Losers of mid-day

Following are the top gainers and losers list of Aug 26 as on 12.00 pm.  Trident and ICRA are up by double digits’ gainers. Trident has largely rallied on the news that Target Corp is considering to give order of bed sheets to Trident, were as Jaypee Infratech is the largest loser for the day. 

Medicate your portfolio with Pharma stocks

Medicate your portfolio with Pharma stocks

Pharmaceutical industry is a knowledge intensive industry, and faces its own share of challenges.  India is a leading and most favoured supplier of formulations to advanced markets such as US, Europe and semi regulated markets like Africa, LATAM (Latin America).

Doom's day set for 7 PSUs by Centre

Doom's day set for 7 PSUs by Centre

In its privatisation initiative and acting on the NITI Aayog recommendation, the Government of India is all set to seek the cabinet's approval for shutting down selected seven state owned companies.

Reliance Jio's launch to create ripples in the telecom industry

Reliance Jio's launch to create ripples in the telecom industry

Investors as well as the whole telecom industry is keeping a close eye on the customer acquisition strategy that Reliance Jio may adopt, as it is widely expected that Reliance Jio for acquiring new customers will be offering freebies. The rivals naturally will be strategising to retain their customers by slashing tariff rates. State run BSNL is also expected to be hit by the Jio launch.

Subscribe to
Newsletter

news letter

More for the early bird.

Get the post-market reports and breakfast news right in your inbox. See latest »

Market
CHIT CHAT

What is your view on markets today?

200  Characters Remaining.
Please LOGIN  to post your comments or Click here to go back.
mrinmay sandhyaki Aug 27 03:10AM
oooooonoo
naliniprava mahakul Aug 26 08:53PM
Buy Dishman@174/SL-166/Tgt-194/
Mahesh Sontakke Aug 26 07:48PM
i have sold out profit share now waiting loss share to gain it
sachin koshti Aug 26 06:53PM
what are trading timing
arjun kamathe Aug 26 03:23PM
market flat today