When compared to conventional risk-free investment options like Employees’ Provident Fund (EPF), Public Provident Fund (PPF), or bank fixed deposits, dividend-paying equities can occasionally prove to be a wise choice (FD).
Top 05 five high-dividend-yield stocks
- Vedanta: Vedanta Ltd. has declared 39 dividends since July 23, 2001. In the past 12 months, Vedanta Ltd has declared an equity dividend amounting to ₹81.00 per share. At the current share price of ₹274.45, this results in a dividend yield of 29.51%.
- Hindustan Zinc: Hindustan Zinc Ltd. has declared 39 dividends since June 28, 2001. In the past 12 months, Hindustan Zinc Ltd has declared an equity dividend amounting to ₹75.50 per share. At the current share price of ₹293.35, this results in a dividend yield of 25.74%.
- Coal India: Coal India Ltd has declared 23 dividends since February 18, 2011. In the past 12 months, Coal India Ltd. has declared an equity dividend amounting to ₹23.25 per share. At the current share price of ₹213.65, this results in a dividend yield of 10.88%.
- REC Ltd: REC Ltd. has declared 32 dividends since September 8, 2008. In the past 12 months, REC Ltd has declared an equity dividend amounting to ₹13.05 per share. At the current share price of ₹115.45, this results in a dividend yield of 11.30%. Adjusting for Bonus/Splits the dividend yield is 10.26%.
- ONGC: Oil And Natural Gas Corporation Ltd has declared 54 dividends since Aug. 29, 2000. In the past 12 months, Oil And Natural Gas Corporation Ltd has declared an equity dividend amounting to ₹14.00 per share. At the current share price of ₹151.05, this results in a dividend yield of 9.27%.