Have you heard of a stock which will reward you with by the way of capital appreciation as well as good dividend than you must read this post as we are going to disclose that stock for you.
The stock has historically given a dividend to the tune of approx 165% on 16 Mar 2018, followed by another dividend of 187.5% on 14 Mar 2017, another dividend of 274% on 14 Mar 2016 followed by dividend of 207% on 03 Mar 2015 followed by a dividend of 290% on 17 Jan 2014. So, we see that this stock has been maintaining a health dividend dividend yield of 6.22
So, are you ready to know this stock, than it is CoalIndia which is one of the Navratna stock of Govt of India. recently Govt of India had come with an OFS at 5% discount for retail investors with rate being offered to high net worth investors at 266.
Please note that stock has support at 245 and resistance at 296 and is a good stock which will give you good dividend as well as good appreciation. As of now Stock is consolidating and above 270 maintaining can target 280 + higher levels. Moreover, the point to note is that the stock will be going to offer dividend either in Feb or Mar 2019 and thus it is just a matter of 4 months and you can reap the harvest by investing in the stock for medium to long term. moreover stock market has most of the times rewarded investors who entered market atleast 6 months before elections.
The chart may give you a downtrend look but do not get confused as stock came down from 280+ level as govt in its bid to reduce its 5% stake sold the shares to investors at the level of 266. Otherwise shares prior to that investment were ruling above 280 level.
As a disclosure we hold this stock as a part of our portfolio from dividend perspective and we recommended our readers to buy shares in OFS.
The stock has historically given a dividend to the tune of approx 165% on 16 Mar 2018, followed by another dividend of 187.5% on 14 Mar 2017, another dividend of 274% on 14 Mar 2016 followed by dividend of 207% on 03 Mar 2015 followed by a dividend of 290% on 17 Jan 2014. So, we see that this stock has been maintaining a health dividend dividend yield of 6.22
So, are you ready to know this stock, than it is CoalIndia which is one of the Navratna stock of Govt of India. recently Govt of India had come with an OFS at 5% discount for retail investors with rate being offered to high net worth investors at 266.
Please note that stock has support at 245 and resistance at 296 and is a good stock which will give you good dividend as well as good appreciation. As of now Stock is consolidating and above 270 maintaining can target 280 + higher levels. Moreover, the point to note is that the stock will be going to offer dividend either in Feb or Mar 2019 and thus it is just a matter of 4 months and you can reap the harvest by investing in the stock for medium to long term. moreover stock market has most of the times rewarded investors who entered market atleast 6 months before elections.
The chart may give you a downtrend look but do not get confused as stock came down from 280+ level as govt in its bid to reduce its 5% stake sold the shares to investors at the level of 266. Otherwise shares prior to that investment were ruling above 280 level.
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