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Dividend Dividend-Paying Stocks Outperform NorsDevidendsPaying Stocks a ry nn m Py m a ‘once NTPC Reliance Industries State Bank Of Unilever re Tes Infosys Technologies icici Bank Tata Stee! Steel Authority Of Indian Oil GAIL() NMDC Ltd HOFC BHEL Punjab National Bank Larsen & Tourbo HeLTechnologies Wipro Power Grid Corporation Bank of Power Finance Corp HOFC Bank Axis Bank 6844 2968 1897 141 1635 1397 1370 1346 1225 169 1074 910 888 876 854 832 631 615 599 586 505 492 459 426 421 28 47 o7 43 27 4s 22 aa 14 34 16 24 2 03 aa os 2a o7 2a o7 12 24 18 06 aa 169 20.1 24 us 20.4 268 209 20 25 17 2 23 196 285 30.2 337 79 196 206 23 27 58 157 2a 168 a7ajens 233/130 2490/1021, 250/894 306/210.7, 268/156 661/220 2415/1065, 984/253 600/146 198/55 395/178.05 393/175 489/115, 2875/1116 2550/1160 935/286 1800/557 350/89 640/195 128/66 475/180 251/97 3742/74 1048/279 —| | | _] Current income is more important than capital appreciation A ITC Limited

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