Dividend The yield of a share is the ratio of the dividend paid per equity share to the shareholders at the current price of the equity share. Stocks with high dividend yield as compared to benchmarks like Sensex and Nifty 50 are called high dividend yield stocks. The high dividend yield also gives a fair sense of the stock’s value value. Simply put, a high dividend yielding stock signals that the stock is generally underpriced. Market And there are more possibilities ahead.
Motilal Oswal in its latest report has announced high dividend yielding stocks for the financial year FY22.
Top 10 dividend yield stocks have given better returns to investors as compared to traditional investment schemes.
Top 10 Dividend Yield Stocks
Vedanta
Data from Motilal Oswal shows that Vedanta’s dividend payout to shareholders has increased in the last three financial years. The company had paid dividend of 3.9 per share in FY20, which increased to 9.5 per share in FY 2011, and beyond 45 per share in FY22.
During FY22, the dividend yield of the Mumbai-based multinational mining company is the highest at 17.1% in Motilal’s tracker.
Vedanta shares close on BSE 263.85 each, an increase of 1.34%. The market cap of the company is approx. 98,078.23 crore.
NMDC
The dividend yield of NMDC, a state-owned mineral producer, is around 12.1% as of FY 2012. The company had paid dividend of 14.7 per share to its shareholders in FY22 as against 7.8 dividend per share in FY21 and a 5.3 dividend per share in FY20.
NMDC shares closed on Tuesday 122 slightly lower than the previous close on the BSE.
The market cap of the company is 35,753.39 crore.
Indian Oil Corporation
The Oil Marketing Company’s dividend yield is around 11.8% at the end of FY 2012. dividend of 8.4 per share was paid in FY22 as compared to 8 more per share in FY21 2.8 per share in FY20.
Indian Oil shares are at lower levels on BSE 70.75 marginally down from each previous close. The company’s market cap was a bit shy 1 lakh crore and stood on 99,907.76 crore by the end of Tuesday’s trading session.
INEOS Sterilization
Specialty Chemical Company’s dividend yield as of fiscal 2012 is 11.4%. Small-cap stocks paid huge dividends 105 per share during FY 2012 — ten times higher than the comparison 10 per share in FY21.
The shares of the company on BSE are at the level of 897.65 each 0.56% less. The market cap of the company is approx. 1,578.57 crores.
sail
The state-owned steel company has a dividend yield of 10.8% in FY12. it was on dividend 8.8 per share in FY22 as against 2.8 per share in the last financial year.
SAIL shares close on BSE 81.95 each, an increase of 1.80%. The market cap of the company is 33,846.11 crore.
Power Finance Corporation
India’s largest infrastructure finance company, PFC has a dividend yield of 10.2% in FY12. Company paid dividend 12 per share in FY22 as against 10 per share in FY 2011 and 9.5 per share in FY20.
settled on NBFC During Tuesday’s trading session, 116.55 each gained 1.83 per cent on the BSE. Its market cap is 30,770.16 crores.
REC Limited
REC, a PFC-backed financial services provider in the power sector, has a dividend yield of 9.3% in FY22. company paid 10 per equity share in FY 2021-22 – however, less than 11 per share in FY20 — but above 8.3 per share in FY20.
REC shares closed on 107.90 up 1.55% on BSE. The market cap of the company is 28,412.49 crore at present.
HUDCO
State-owned HUDCO, which provides services in housing finance and plays a role in urban infrastructure development, has a dividend yield of 8.5% at the end of FY22. the company’s dividend was 3.5 per share in FY 2012 — . more than 2.2 dividend per share in FY21 – but less than 3.1 per share dividend in FY20.
HUDCO shares ended 41.70 each, down 0.83% on the BSE. The market cap of the company is approx. 8,347.92 crore.
National Aluminum (NALCO)
With diversified operations in Mining, Metals and Power Sectors, NALCO is a state-owned firm with a dividend yield of 8.4% at the end of FY 2012. The company’s dividend is on Growing from — 6.5 per share in FY22 3.5 per share in FY 2011 and 1.5 per share in FY20.
Nalco shares ended on On Tuesday, 80.35 each rose 1.26%. The market cap of the company is approx. 14,757.34 crores.
Hinduja Global Solutions
IT Services Management Company, HGS has a dividend yield of 8.3% in FY 2012. The company’s dividend was 9.5 times higher 124 per share in FY22 as compared to only 13 per share in FY21. In a financial year, FY20, the dividend was 11.8 per share.
HGS shares closed on BSE 1409.40 an increase of 0.83% each. The market cap of the company is approx. 5,890.61 crore.
These 10 dividend yield stocks have outperformed bank fixed deposits ranging from 2.9% to a little over 7%. Notably, the interest rates on FDs vary from bank to bank.
Also, these 10 stocks have outperformed small savings schemes like Public Provident Fund Account (PPF) and National Savings Certificate (NSC), which currently offer 7.1% and 6.8% interest rates.
Other Dividend Yielding Stocks
Among the top 10 in FY22, Banco Products has a dividend yield of 7.9% and ONGC has a yield of 7.8%. Companies like Oil India, Hindustan Zinc and Coal India have a dividend yield of 7.4%. While Nirlon has a dividend yield of 6.7%, it is followed by Savita Oil and IRFC with a yield of 6.5%.
Moreover, Geojit Financial Services & Rights Company has a dividend yield of 6.3% each in FY22, while Oracle Financial Services has a yield of 6.1%. Oil company, HPCL has a dividend yield of 5.7%, while CESC, DB Corp, and Rail Vikas each have a dividend yield of 5.6% as of the end of FY22.
These dividend yields, excluding special dividends, are as of September 1, 2022. Companies keep above market cap 1,000 crores.
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