Wednesday, November 23, 2022

Bad news equals a good stock price & dividend yield -- Indian Oil corporation fits the bill

Rising oil prices, delayed privatisation, under recoveries and threat from EV’s. News around the energy sector, specifically the oil-marketing companies like IOC, is mostly negative. Now look at the other side. Dividend yield of 11 percent and a track record of paying uninterrupted dividend for decades. Further, valuations – both on absolute and relative basis – are at lows from where they have reverted back many times in the past.

from Economic Times https://ift.tt/6NhrJLv

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