Look at dividend yields 20th March 2009
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Equity markets are facing uncertainty that is compounded by extreme global conditions, acute liquidity, and possible slowdown in emerging markets coupled with recession in the developed markets. Value is emerging in sectors and companies but conviction is absent, hence even at these levels there aren’t too many buyers.
High dividend-yield stocks are historically a better bet in a bear market. Recent fall in price has resulted in the increase of number of companies where yield is 7% or more. The dividend yield is based on the current market price of stocks and the dividend paid last year.