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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.

 

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