Portfolio: Removing Canara Bank From DivYield Portfolio On Low Dividend Yield



We are removing Canara Bank from our DivYield portfolio. The place is vacant, we will be adding another stock soon.

Canara Bank has just given a dividend of Rs 1 in last 17 months. This doesn’t fit in with the rationale we follow of maintaining a Dividend Yield portfolio. While the Dividend in itself has been disappointing, we can find some solace in the fact that the stock has given a return of 57% since the stock was added to our Portfolio.

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Overall, the Dividend Yield portfolio has returned 44.24% in last 17 months! That is something to Cheer.

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