I have some Vpel shares.
Vpel is giving another .50 dividend that means they paid around 1rupee dividend last two years. For a share thats trading below 10 rupees thats a 10%gain. Far higher than the bank interest rate.
My problem is how come Vpel pay such higher dividend rate when far more established companies only pays 2-3% dividend. Is there any gilmart going on?? or is it safe to hold this share for long term. (My cost is around 7/=)
experts some advise please cause I have very limited financial knowledge.