Yes , you read it correctly 150% average dividend yield since 10 year.This stock has delivered mind blowing dividend to its investor in last 10 year. I found this stock earlier when I started investment in 2013 when it was trading at around 24 INR only. Its dividend history was enough for me to invest in it.
Manappuram finance is India’s Largest Listed and Highest Credit Rated Gold Loan Company.It Currently trading at 94.4 as on 14th Oct 2016.
Lets have look at its past 10 year dividend history.
|Date of Announcement||Dividend Percentage||Dividend in INR|
In last 10 year company has given total 11.06 INR as dividend to its investor.
So if investor has invested in Manappuram Finance in Jan 2006 then he would had received 11.06 INR dividend till date. Now amazing part is here , on Jan 2006 stock was trading at throw away price of 0.63 INR.
So if we just calculate dividend percentage with considering investment price 0.63 then it would be around 1755 % in 10 year , so yearly average would be 175%. This mean if someone has invested 1lakhs back on 2006 , he would be receiving 1.75lakhs yearly as dividend.
Also in 10 year stock price surge 149 times, making 1lakh investment into 1.48cr with CAGR of 59%. A gold loan company is company of gold for its investor.
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