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Tata Global Beverages Ltd (formally Tata Tea), is one of the largest producers and distributers of Tea and other hot and cold beverages in the world. The company is into production of world renowned premium brands like Tetley, Himlayan water and many other global brands.
The company has shown steady growth over the years with gradual expansion in its product line. The company has strong brand presence in countries like UK, USA and other countries around the world.
The steady growth in sales figures over the years is an asset in itself for the company. The company has a strong dividend history and has paid 200% dividend during the last year. The company usually pays dividends between May and June every year.
All the above factors make this company a good buy for near long term. For short term investors the company is expected to declare dividend by May or June as it has notified BSE on 26/04/2011 of publishing its annual audited results within 60 days of this notification.
Our conclusion even if the company declares 100% dividend on its face value of Rs.10 the investors are bound to receive 10% return on their investments in the form of dividend as the share is currently trading at Rs.104 within a period of one month.
Investors are requested to go through the below mentioned disclaimer before making any investments.
Disclaimer: The opinions/suggestion given here are made by third party experts and CA News Beta* or its team shall not be liable to any loss being incurred by the readers of this weekly edition, namely, Weekly Investment Idea. We also may or may not act upon such suggestion. Readers are informed hereby to invest on their own risk.
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