Markets
BSE See NSE See 27,803.24
92.72 (0.33%)

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

Tata Metaliks QoQ results drop; BSE revises circuit limit

Tata Metaliks QoQ results drop; BSE revises circuit limit

Tata Metaliks, a subsidiary of Tata Steel is a manufacturer of foundry grade pig iron in India. The company has posted its quarter ended June 2016 results with mixed topline and bottomline numbers.

Must watch: Cairn -Vedanta merger by the year end

Must watch: Cairn -Vedanta merger by the year end

Vedanta, Cairn India and Vedanta Resources plc have declared their revised and final terms to the recommended merger between Vedanta and Cairn India. The deal status has come after trading hours on Friday.

Indices close on upper hand;Tata Motors up by 3.2 %

Indices close on upper hand;Tata Motors up by 3.2 %

The Indian markets pulled up after the mid-market session in the end of July's fourth week. Auto and Capital Goods provided handsome support to indices and both were up more than 150 points. The Sensex recovered over 150 points from the day’s low and ended 92 points up at 27803. The Nifty ended 31 points up at 8541.

Axis Bank results fail to impress in Q1FY17

Axis Bank results fail to impress in Q1FY17

Axis Bank post market hours on July 22 has declared its Q1FY17 results. The bank has posted a timid result in this quarter. Bad loans have been the major reason for such devastating results in this quarter.Bank has reported a net profit of Rs 1560 crore in Q1FY17.

Overnight Digest – Stocks to look out for on July 25

Overnight Digest – Stocks to look out for on July 25

The stocks which could witness a significant movement on July 25 are Ponni Sugars (Erode), Bajaj Corp/Canara Bank, Bharti Airtel/Idea Cellular/Reliance Communication, State Bank of India and L&T Finance Holdings.

Bharat Financial Inclusion surges over 11 per cent on superb results

Bharat Financial Inclusion surges over 11 per cent on superb results

Bharat Financial Inclusion, formerly known as SKS Microfinance has posted remarkable financial results in Q1FY17.Total income from operations stands at Rs 368.96 crores. Total income has increased by a whopping 53 per cent as compared to Q1FY16.

Ashok Leyland posts blockbuster earnings in Q1FY17

Ashok Leyland posts blockbuster earnings in Q1FY17

Ashok Leyland has declared its Q1FY17 results on July 21. The company’s revenue has increased by 10.87 per cent to Rs 4259 crore in Q1FY17 as compared to same period in previous financial year. 

Mid-market commentary July 22

Mid-market commentary July 22

Indian markets remained subdued where the benchmark indices, Nifty and Sensex traded absolutely flat. Broader markets outshined the benchmarks where both Midcap and Smallcap increased by 0.68 per cent and 0.72 per cent respectively.

Weak Q1FY17 results fail to dampen Cairn India's spirits

Weak Q1FY17 results fail to dampen Cairn India's spirits

Cairn India has declared its Q1FY17 results on Thursday. The company’s revenue has decreased by 28.24 per cent to Rs 1885 crore in Q1FY17 as compared to same period in previous fiscal year. 

The three musketeers for Mutual Funds

The three musketeers for Mutual Funds

Are you interested in knowing the top three picks by mutual funds in the banking space? These three banks are the hot favourites with the mutual funds as is seen by the amount of money being invested in these stocks, viz., HDFC bank, Axis Bank and ICICI Bank. 

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.
Nirmal Srinivasan Jul 23 12:05PM
Buy Pennar Ind good profit Target 66rs
king maker Jul 23 11:16AM
hello all, i will come back soon n help u with stocks...just busy with my personal works,will join u soon
Arnab Mandal Jul 22 10:53PM
Buy NBCC. It will get double
Harshil sanghavi Jul 22 03:58PM
mahindra finance will fall by 4-5% tomorrow
Sonal Verma Jul 22 03:49PM
Biocon India bought at Rs. 711.30 and sold at 816.95 Rs.