Kirloskar Brothers

Kirloskar Brothers, which is ranked third on average figures, could easily have taken the top position, after having offered a dividend of Rs.20 and Rs.30 in FY 2003-04 and 2004-05, respectively. But with a stock split and payment of Rs.4 per share as dividend in the subsequent fiscal, its ranking plummeted two levels below. If one were to consider the financial year 2005-06 alone, Essel Propack is the company with the maximum dividend yield for that period; it paid out an aggregate dividend of Rs.22 per share for the financial year. Tube Investments of India Ltd. is the second best for the same period of FY ‘05-06. The company paid out Rs.23.50 per share as aggregate dividend in that year. GTl Ltd., Godrej Consumer Products Ltd. and Monsanto India Ltd.

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

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