Hitesh portfolio

Hello Hitesh Bhai, I was researching about dividend investing. And looking for some clarity on the below questions.

“Lets say if a Stock X, price-100rs which gives 4rs as dividend”. Let’s assum that the stock X as ITC then investing in that will be great coz it gives capital appreciate and also dividends more over the company’s future looks good and growing.

But now, lets assume the stock X as IOCL, BPCL or, HPCL. These stocks did gave dividends but the last 5 yrs returns where less than -10%. In such case is it good to invest for dividend of 4% (as said in example of stock X). Moreover the companies future are not great reason being EV.

• Same goes for vedanta, 0% returns in last 10+years from 2009 till date.
• Both REC and Vedanta are like twins multiple years of ups and down with no capital appreciation but only dividends.
• ITC is exceptional

So, assume that in 50s or 60s in order to get 1L as dividends investing in companies like this with bad futures and without captial appreciation sounds little not okish. For 1L monthly dividend in IOCL we have to invest around 25 times which is 25L in IOCL. Is this fair, investing in companies with no future scope.

BTW, even if wanted to create a dividend port then considering CA and future scope and also dividends there are companies like PIDILITE, ASIAN PAINTS, M&M, BRITANNIA, CRISIL, INFY etc etc most of these companies comes under LCAP.

Concluding, I’m confused or stuck b/w investing in companies just for dividends and investing in companies along with dividends (personally feels like if we built a core portfolio then dividend automatically becomes a part of it).

Throw some light on this experts