Investors seeking robust returns have found a goldmine in Public Sector Undertaking (PSU) stocks, with exuberant returns characterizing recent years. Beyond capital appreciation, these stocks have proven to be lucrative with their high dividend yields. In this article, we unveil four PSU stocks that not only boast a high dividend yield of 6 per cent in the past year but have also exhibited remarkable financial performance.
Coal India: Digging Profits and Dividends
Coal India, operating in the metals and mining industry under the Ministry of Coal, has provided investors with a dividend yield of 6 per cent. With a dividend of Rs 24.50 in the past 12 months, investors have witnessed a remarkable multibagger return of 106.56 per cent in the last year. The current share price stands at Rs 443.80 (BSE).
Indian Oil: Fueling Portfolios with Returns
Under the Ministry of Petroleum & Natural Gas, Indian Oil has a dividend yield of 6 per cent, distributing Rs 8 per stock in the past year. The stock has not only rewarded investors with a high dividend but has also delivered a multibagger return of 127.25 per cent in the last one year. The current share price is Rs 175.55 (BSE).
Balmer Lawrie Investments: Navigating Financial Success
As a Non-Banking Financial Company (NBFC) under the Ministry of Petroleum & Natural Gas, Balmer Lawrie Investments has a 6 per cent dividend yield, offering Rs 33 per stock in the last year. The stock has demonstrated a solid return of 82.28 per cent in the past one year, with the share price at Rs 659.20 (BSE).
Power Grid Corporation: Energizing Portfolios
Engaged in the transmission of bulk power across states under the Ministry of Power, Power Grid Corporation boasts a 6 per cent dividend yield, paying Rs 13.80 per stock in the past year. The stock has delivered a solid return of 76.44 per cent in the last one year, with the current share price at Rs 282.20 (BSE).
Disclaimer: The Power of Knowledge and Caution
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. We suggest our readers/audience consult their financial advisors before making any money-related decisions.)
