A dividend is a company’s distribution of profits to its shareholders. Simply speaking, it is a way for a company to reward its shareholders. A person who wants to enjoy the benefits of dividends has to mandatorily become a shareholder before the ex-date to receive the dividends. In this article, we will learn about some companies with a good track record of dividend distribution, which you can add to your portfolio.
Coal India Ltd.
Coal India Ltd. is a coal-mining and production company based out of India that started its operations in November 1975. It is the single largest coal producer in the world. It produces around 83% of India’s overall coal production. It operates in 8 states along with its subsidiaries in 84 mining areas. CIL has seven producing subsidiaries and a foreign subsidiary in Mozambique, namely Coal India Africana Limitada (CIAL).
With a market cap of Rs 2,33,383 crores. It made a 52-week high of Rs 543.55 per share, down by 30 percent from its CMP of Rs 378.30 per share. The current dividend yield of Coal India Ltd. is 6.77 percent.
Gujarat Pipavav Port Ltd.
Gujarat Pipavav Port Limited is engaged in the construction, operation, and maintenance of the port at Pipavav in Gujarat, India. It was incorporated in 1992 and is based in Mumbai, India. The company provides port services, such as marine services, berth hire, wharfage, container handling, yard operations, stevedorage, and other activities.
Its port handles bulk and break-bulk cargo comprising coal, cement, clinker, fertilizers, steel, iron ore, agri-products, salt, and soda ash; and liquid cargo, including LPG, POL, chemicals, vegetable oils, bitumen, etc., as well as offers roll-on roll-off, towage, maritime personnel, storage, and towage services.
With a market cap of Rs 6,386 crores. It made a 52-week high of Rs 250.69 per share, down by 47 percent from its CMP of Rs 132.18 per share. The current dividend yield of Gujarat Pipavav Port Ltd is 5.6 percent.
MSTC Ltd
MSTC Limited is engaged in marketing, e-commerce, and scrap recovery and allied job businesses primarily in India. The company operates in the following two segments: Marketing and E-Commerce. It is involved in e-procurement, e-auction, and e-sale business. The company also develops ERP solutions comprising inventory management, personnel and administration, finance and accounts, dashboards, and other packages.
It also markets industrial raw materials and project-related equipment, as well as engages in the disposal of ferrous and non-ferrous scrap, surplus stores, machinery, spares, vehicles, minerals, agriculture, and forest produces. The company was incorporated in 1964 and is headquartered in Kolkata, India.
With a market cap of Rs 3,224 crores. It made a 52-week high of Rs 1036.90 per share, down by 55 percent from its CMP of Rs 458.25 per share. The current dividend yield of MSTC Ltd. is 3.39 percent.
D B Corp Ltd
D. B. Corp Limited is engaged in newspaper printing and publishing, radio broadcasting, and the provision of digital news platforms for news and event management businesses in India and internationally. The company operates through Printing / Publishing and Allied Businesses and Radio segments.
Its major brands include Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar, and Divya Marathi. It also operates a network of radio stations in various states under the 94.3 “My FM” brand name and digital portals, such as dainikbhaskar.com, divyabhaskar.com, homeonline.com, divyamarathi.com, and moneybhaskar.com.
With a market cap of Rs 3,931 crores. It made a 52-week high of Rs 403.90 per share, down by 45 percent from its CMP of Rs 220.45 per share. The current dividend yield of D. B. Corp Ltd. is 5.88 percent.
Written by Satyajeet Mukherjee
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