To start with I have calculated Castrol India's dividend yield from last 10 years dividend data on the basis of current stock price. Now I will try to fit a regression line (using TREND function from MS Excel) and find out from which year I will start beating the risk free return of 7.5% of FDs.
My aim from this analysis is to understand if Castrol India will be a good investment choice for my dividend portfolio at current price.
So what is my conclusion?
I will wait for Castrol India a bit. I think I should achieve my dividend target of > 7.5% way before 2020.
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