With India’s largest bank SBI’s fixed deposit rate falling to as low as 3.05%, we scanned through a list of companies with highest and consistent dividend payouts and found at least 6 stocks fitting the bill.
However, investors must keep in mind that comparing dividend stocks and bank FDs isn’t an apple-to-apple comparison as bank FDs are risk-free while equity carries high risk. Also, current yield is not indicative of continuation of the likely dividend payment in the future as any deterioration in the operating performance of the company may impact future dividend payments.
