In a comprehensive analysis, Axis Securities has curated a list of top dividend yield stocks spanning various market segments, catering to diverse investor preferences. The compilation encompasses large-cap, mid-cap, small-cap, and noteworthy PSU stocks, shedding light on their income-generating potential.
Notable in the large-cap private sector, Vedanta and Hindustan Zinc emerge as standout performers with impressive dividend yields of 23% and 16%, respectively. Meanwhile, within the PSU domain, Coal India showcases a commendable yield of 6%, adding a layer of stability to the income stream for investors.
Transitioning to the mid-cap category, companies such as Oil India, Sanofi, and Oracle exhibit dividend yields ranging from 4% to 6%, presenting an enticing prospect for investors seeking attractive income avenues. Delving into the realm of small-cap stocks, T. V. Today catches attention with an exceptional dividend yield of 28%, closely followed by Bhasali Engineering at 15%.
The allure of high dividend yield stocks lies in their ability to provide investors with a robust margin of safety. The dividend yield, a crucial financial metric, gauges the ratio of cash dividends distributed to shareholders in relation to the stock price. This ratio is calculated by dividing the dividend per share by the market price per share and multiplying the result by 100. Companies with high dividend yields typically distribute a significant portion of their profits to shareholders in the form of dividends.
Turning focus specifically to the PSU sector, Axis Securities’ data, as of January 15, 2024, spotlights 15 companies with the highest dividend yields. This underscores the income-generating potential within the PSU segment, offering investors a strategic avenue for stable and lucrative returns.
Complete List of PSU Stocks with High Dividend Yields:
- Coal India Ltd
- Balmer Lawrie Investment Ltd
- Indian Oil Corporation Ltd
- Power Grid Corporation of India Ltd
- Oil & Natural Gas Corpn Ltd
- National Aluminium Company Ltd
- Rites Ltd
- REC Ltd
- Chennai Petroleum Corporation Ltd
- NMDC Ltd
- Power Finance Corporation Ltd
- NTPC Ltd
- Balmer Lawrie & Company Ltd
- Housing & Urban Development Corporation Ltd
- National Fertilizer Ltd
