Dividend-paying stocks are of companies that regularly distribute a portion of their profits to their shareholders in the form of dividends.
These stocks are popular among investors who are looking for a steady income from their investments, as they provide regular cash flow without the need to sell the them.
The dividend yield of a stock is its share price divided by the per share dividend paid by the company in the last twelve months. High dividend yield stocks are perceived to be safer than low dividend yield stocks.
If the market falls, these stocks will offer a higher yield to investors due to higher dividend payouts.
High Dividend Paying Stocks
1. Coal India
Coal India is the largest government-owned-coal-producer in the world. The PSU contributes around 82% to the total coal production in India.
CMP ( current Price ) – Rs 532
Current Dividend Yield – 4.7 %
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2. VEDANTA
Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, with its main operations in iron ore,
gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha.
CMP ( current Price ) – Rs 446.65
Current Dividend Yield – 11.85 %
3. IOC (Indian Oil Corporation Ltd )
Indian Oil Corporation Limited, trading as IndianOil, is an Indian multinational oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India.
CMP ( current Price ) – Rs 172.5
Current Dividend Yield – 4.6 %
4. BPCL ( Bharat Petroleum Corporation Ltd )
Bharat Petroleum Corporation Limited is an Indian public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai.
CMP ( current Price ) – Rs 350
Current Dividend Yield – 3.6 %
5. ONGC ( Oil and Natural Gas Corporation Ltd )
The Oil and Natural Gas Corporation Limited is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. The company is headquartered in Delhi.
CMP ( current Price ) – Rs 330
Current Dividend Yield – 3.07 %
*( data as on 21 august 2024 )
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