Highest Dividend Paying Stocks in India 2021
The investors who want to earn good returns from their investments but are only aware about the traditional options that is through fixed deposits then this article is definitely going to help them a lot.
If an investor is willing to earn high returns through stock market then they must consider the option of investing in stocks which dividend yield very handsome & giving dividends time to time and thus act as a fixed source of income for the investors.
As we all know, interest rates given on fixed deposits are very low as compared to the dividend yield given by some stocks. Thus the investors who are not willing to take extra risks but still want steady and relatively risk-free returns that are better than fixed deposits can invest in high-dividend paying stocks.
An investors’ portfolio must be a mix of growth stocks as well as high dividend paying stocks. This is so because on the one hand, he can get guaranteed and regular income through high dividend paying stocks.
While on the other hand, taking measured risks through investing in growth stocks would help the investor to earn wealth and prosper.
So, In this article we are going to have a look at the list of “7 high dividend yield stocks”.
Before we look at the list, let us first know What is dividend?
So basically, in a common man’s language, dividend is the money shared by the company with its respective shareholders after keeping the reserves with it.
Giving out dividends is not necessary but recommendatory. But companies give dividends to reward its shareholders and gain their trust on the company.
Highest Dividend Stocks 2021
NLC India Ltd.
NLC India is engaged in the business of mining of lignite and generation of power by using lignite as well as Renewable Energy Sources. The company is having a market capitalization of Rs.7,814 Crore.
Currently the stock is being traded at Rs. 57.15 and is having a excellent dividend yield of 12.5%. Last year in 2019, the company rewarded its shareholders with a dividend of Rs.4.53 i.e., 45.3% of its face value and in 2020 it gave an interim dividend of Rs.7 to its existing shareholders.
Oil India Ltd.
Oil India is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. Its market capitalization is Rs.12,444 Crore and its current share price is Rs.115.
In 2019, it gave a total dividend of Rs.10.25 to its shareholders and in 2020 also, the total dividend amounted to Rs.10.60. Oil India Ltd is having a dividend yield of 9.24%.
PTC India Ltd.
Formally Known As power Trading Corporation Of India Ltd., PTC India is principally engaged in trading of power. It was initiated by Government Of India as a Public-Private Partnership, whose primary focus is to develop a commercially vibrant power market in the country. The market capitalization of the company is Rs.1,868 Cr and the current price of the PTC India Ltd stock is Rs.63.
In 2019, the company awarded its shareholders with a final dividend of Rs.4 which is 40% of its face value and in 2020, it gave a total dividend of Rs.7.5. The stock is having a dividend yield of 8.72%.
TV Today Network Ltd.
TV Today Network is primarily engaged in broadcasting television news channels, radio stations and newspaper publishing in India. The company is having a market capitalization of Rs.1,274 Cr and the stock is currently traded at Rs.216.
In 2019, it gave a handsome dividend of Rs.22.25 per share to its existing shareholders ,that is 10% dividend of its share price. In 2020, it gave a final dividend of Rs.2.25. Its dividend yield is 10.4%.
REC is engaged in extending financial assistance across the power sector value chain and is a Systemically Important (Non-Deposit Accepting or Holding) Non-Banking Finance Company (NBFC) registered with Reserve Bank of India (RBI) as an Infrastructure Finance. It is a large cap company and is having a market capitalization of Rs.27,994. The current price at which REC Ltd. Is being traded is Rs.138.
In 2019, the company gave a dividend of Rs.11 per share against a face value of Rs.10. In 2020, it gave a total dividend of Rs.17 per share. The dividend yield of company is 7.78%.
Coal India Ltd.
Coal India Ltd is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns etc. It is a central government owned company having a market cap of Rs.89,668 Cr. Currently, the stock is being traded at Rs.143.
In 2019, the company gave a dividend of Rs.5.85 per share and in 2020, it rewarded its shareholders with a total dividend amount of Rs.19.5 per share. Its dividend yield is 8.25%.
SJVN is engaged in the business of Electricity generation. The company is also engaged in the business of providing consultancy. Net market capitalization of SJVN Ltd is Rs.10,355 Cr. Currently, the stock is being traded at Rs.26 per share.
In 2019, the company rewarded its existing shareholders with a total dividend of Rs.2.1 per share and in 2020, it gave a dividend of Rs.2.2 per share against a face value of Rs.10. Dividend yield of SJVN Ltd is 8.53%.
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