Sunday, March 22, 2009

Dividend yield picks - backtesting Grindwell Norton

Dividend yield picks - backtesting Grindwell Norton



Co. Name

Grindwell Norton

Div per share

4

Div announcement date ( DA date)

06-Mar-09

Share price as on div announcement date

72

Div yield on div announcement date

5.6%

Peak share price after announcing div

82

Div yield on peak price

4.9%

% in share price from div announcement date to peak price

13.9%

Ex date closing price

75.75

% in share price from div announcement date to ex date closing price

10.8%

Sensex movement in the same period

+7.5%

Div payout Rs crores

22.24

12 Months PAT

55

Div payout ratio- Current year

40%

Div payout ratio- prev year

33%

Debt

0

Cash as on Mar`08 ( Rs crores)

21.00

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