Rane (Madras) Limited is an auto component manufacturer that holds major market share in India both in manual steering gear systems & suspension systems. At the current market price of Rs 120, its shares are available at an attractive dividend yield of 5.8%. Dividend declared per share for the financial year 2010-2011 is Rs 7. If you consider the past 5 year record, the company has been consistently paying dividends to shareholders, with the exception of 2008-09.
| Year | 2010-11 | 2009-10 | 2008-09 | 2007-08 | 2006-07 |
| Dividend % | 70 | 45 | - | 60 | 40 |
Will the stock deliver good growth in the coming quarters and reward the shareholders even more?