5 stocks that raised dividend payouts by over 30% in just 10 years

livemint.com:

Companies that pay regular dividends are usually well-established and have a loyal customer base. Sometimes, they even come with strong fundamentals and low debt. Moreover, if the dividend payout keeps increasing, it means the profits are also increasing simultaneously.

Such companies are more stable during volatile periods and give investors a chance to protect their portfolio. Keeping this in mind, we have shortlisted five stocks that have hiked their dividend payouts by over 30% in the last ten years. Take a look… First on the list is 360 One Wam, popularly known as IIFL Wealth Management.

The company is one of the largest private wealth management firms in India. It provides a wide range of services, including distribution, asset management, angel investments, portfolio management services, and more. The company's assets under management (AUM) stood at ₹1,671 billion (bn) at the end of the financial year 2023.

Between 2019 and 2023, the company’s revenue has grown at a compound annual growth rate (CAGR) of 6.3%, driven by growth in assets and stable wealth relations. The net profit also grew at a CAGR of 11.9% during the same time. With growing profits, the company’s dividend per share has grown steadily over the years.

The dividend payout and dividend yield averaged 73.3% and 3% in the last five years. 360 One Wam also has a rich history of paying dividends to its shareholders. In the last five years, it paid 12 dividends including interim and final dividends.