Dividend
Analysis
Group 14
Praveen PGP14056
PraveenKumar J R- PGP14057
Rithuraj PGP14058
Dividend Analysis
Group 14
Praveen PGP14056
PraveenKumar J R- PGP14057
Rithuraj PGP14058
Return
= (P1 P0)/P0 + D1/P0
= Capital Gain Yield + Dividend
Yield
TAJ GVK HOTELS & RESORTS
Dividends Declared
Announcem
ent
Date
Effecti
ve
Date
Divide
nd
Type
Divide
nd
(%)
Remarks
12-05-14
24-0714
Final
10.00
Rs.0.2000 per
share(10%)Dividend
30-04-13
23-0713
Final
25.00
Rs.0.5000 per
share(25%)Dividend
30-04-12
19-0712
Final
75.00
28-04-11
20-0711
Final
100.00
27-04-10
21-0710
Final
100.00
04-05-09
20-0709
Final
100.00
29-04-08
24-0708
Final
160.00
AGM
25-04-07
19-0707
Final
150.00
AGM
25-04-06
20-0706
Final
100.00
AGM
26-04-05
21-0705
Final
45.00
AGM
28-04-04
20-0704
Final
15.00
AGM
14-01-04
29-01-
Interim
15.00
04
23-04-03
22-0503
Interim
20.00
23-04-02
19-0602
Interim
15.00
23-05-02
19-0602
Interim
15.00
28-07-01
31-0801
Final
10.00
Source : Dion Global Solutions Limited
As is evident from the above line of dividend payments, the amount paid as
dividend in 2015 has considerably decreased from the 2008 levels. This is
attributed to the decreasing EBITDA.As the revenue decreases, so is the
amount available to payout the dividends
The managers tried to stabilize the dividend payout to constant levels
from 2009,which should have been the strategy adopted from the onset. But
due to the decreasing PAT ,the levels were not sustainable and hence the
dividends reduced
Capital Gains
The decrease in dividend yield is not compensated through
capital gains,instead its is gone down the spiral as well.
Looking at this scenario , the large amounts of interim
dividends paid out could have been retained either as cash
reservers or used to invest in other activities to hedge the
negative spiral they are in right now.
Dividend Summary as on March 2014
For the year ending March 2014, Taj GVK Hotels & Resorts has
declared an equity dividend of 10.00% amounting to Rs 0.2 per
share. At the current share price of Rs 76.40 this results in a
dividend yield of 0.26%.
The company has consistently declared dividends for the last 5
years.It still is paying out paying dividends despite the decrease
in revenues
Taj had one instance of stock split happening in 2005.The
details are as follows
Splits Summary
Taj GVK Hotels & Resorts had last split the face value of its shares from Rs 10 to Rs
2 in 2005.The share has been quoting on an ex-split basis from October 10, 2005.
Splits History (Taj GVK Hotels & Resorts)
Announcement Date
Old FV
New FV
Ex-Split Date
02-09-2005
10
10-10-2005
MONTE CARLO
Monte Carlo Fashions has no history of paying out dividends .They
have very recently listed themselves on the exchange
But the shareholders have enjoyed good capital gains on their
investments.Looking at the recent stock performance ,the
companys performance has resulted in a steep increase in the
price
With an outlook of the performance continuing ,the
shareholders tend to gain in terms of capital gains
WIPRO
Dividend Policy
Dividend Declared
Announcem
ent
Date
Effecti
ve
Date
Divide
nd
Type
Divide
nd
(%)
Remarks
07-01-15
22-0115
Interim
250.00
Rs.5.0000 per
share(250%)Interim Dividend
17-04-14
21-0714
Final
250.00
Rs.5.0000 per
share(250%)Final Dividend (B
C Dates has been revised from
01/07/2014 to 23/07/2014)
13-01-14
22-0114
Interim
150.00
Rs.3.0000 per
share(150%)Interim Dividend
19-04-13
27-0613
Final
250.00
Rs.5.0000 per
share(250%)Final Dividend
15-01-13
23-0113
Interim
100.00
Rs.2.0000 per
share(100%)Interim Dividend
25-04-12
28-0612
Final
200.00
10-01-12
24-0112
Interim
100.00
27-04-11
29-0611
Final
200.00
17-01-11
27-0111
Interim
100.00
23-04-10
15-0610
Final
300.00
(Revised from BC 01/07/2010
to 22/07/2010)
22-04-09
29-0609
Final
200.00
21-04-08
27-0608
Final
200.00
AGM
10-10-07
25-1007
Interim
100.00
20-04-07
28-0607
Final
50.00
AGM
14-03-07
26-0307
Interim
250.00
19-04-06
29-0606
Final
250.00
AGM
22-04-05
29-0605
Final
250.00
AGM
16-04-04
06-0504
Final
1,450.0
0
17-04-03
01-0703
Final
50.00
AGM
19-04-02
28-0602
Final
50.00
AGM
20-04-01
18-0601
Final
25.00
The Board has also proposed a
Final Dividend of Rs 4 per
share and an one time
dividend of Rs 25 per share.
Dividend Summary
For the year ending March 2014, Wipro has declared an equity
dividend of 400.00% amounting to Rs 8 per share. At the current
share price of Rs 669.00 this results in a dividend yield of 1.2%.
The company has a good dividend track report and has
consistently declared dividends for the last 5 years.
* Dividend Yield: (Dividend per share / Current Share Price)
Last Five Year Dividend Policy representation of Wipro.
D = Dividend
B = Bonus Issue
Wipro is a really lucrative opportunity to invest considering the
steady dividend payment rolled out and also considering they are
growing in terms of revenue year on year can make us forecast
that the dividend payments are going to be on a steady upward
spiral in the coming years
Last Five Year EBITDA, PBT and PAT representation of Wipro
The increase in EBITDA are welcoming signs ,which signal solid
dividend payouts in the future
Also considering the increase in share price the shareholders
stand to capitalize on a combination of capital and dividend yields
TVS MOTORS
Dividend Policy
Dividend Declared
Announcem
ent
Date
Effecti
ve
Date
Divide
nd
Type
Divide
nd
(%)
Remarks
12-01-15
06-0215
Interim
75.00
Rs.0.7500 per
share(75%)Interim Dividend
16-04-14
02-0514
Interim
75.00
Rs.0.7500 per
share(75%)Second Interim
Dividend
08-10-13
30-1013
Interim
65.00
Rs.0.6500 per
share(65%)Interim Dividend
11-04-13
03-0513
Interim
60.00
Rs.0.6000 per
share(60%)Second Interim
Dividend
17-01-13
06-0213
Interim
60.00
Rs.0.6000 per
share(60%)Interim Dividend
24-05-12
04-0612
Interim
70.00
Second Interim Dividend
29-02-12
20-0312
Interim
60.00
14-07-11
02-0811
Interim
60.00
Second Interim Dividend
10-01-11
25-0111
Interim
50.00
09-07-10
26-0710
Interim
50.00
Second Interim Dividend
07-01-10
25-0110
Interim
70.00
11-06-09
29-0609
Interim
70.00
Interim Dividend for the year
ended 31.03.2009.
02-07-08
06-0808
Final
70.00
AGM
28-06-07
10-0807
Final
15.00
10-10-06
27-1006
Interim
70.00
19-06-06
03-0706
Interim
60.00
Second Interim Dividend
14-10-05
31-1005
Interim
70.00
20-05-05
03-0605
Final
60.00
07-10-04
29-1004
Interim
70.00
12-04-04
29-0404
Interim
70.00
Second Interim Dividend
14-10-03
30-1003
Interim
60.00
13-05-03
13-0603
Interim
70.00
Second Interim Dividend &
AGM
25-09-02
23-1002
Interim
50.00
29-06-02
12-0902
Final
0.00
AGM & Nil Final Dividend
29-07-02
12-0902
Final
0.00
AGM & Nil Final Dividend
06-02-02
22-0202
Interim
90.00
30-07-01
29-0801
Final
80.00
AGM
Dividend Summary
For the year ending March 2014, TVS Motor Company has
declared an equity dividend of 140.00% amounting to Rs 1.4 per
share. At the current share price of Rs 301.75 this results in a
dividend yield of 0.46%. The company has a good dividend track
report and has consistently declared dividends for the last 5
years.
Dividend Yield: (Dividend per share / Current Share Price)
Last Five Year Dividend Policy representation of TVS Motors.
D = Dividend
B = Bonus Issue
The share price is on a solid upward spiral due to a combination of
factors on the basis of the companys performance.This has
resulted in a potential for high capital gains for the share
holders.Another thing to be looked out is they have also payed
out dividends on a regular basis and the dividend payments have
been steady.So future dividends payouts would be in the same
range
Last Five Year EBITDA, PBT and PAT representation of TVS Motors.
A steady revenue as observed above points that the share holders
would have a solid payouts in terms of dividends
So TVS Motors is one where the shareholder stands to gain both
in terms of dividend yields and capital gains
