The most dividend-paying stocks have provided better yields to investors conventional investment strategies.
Top 8 dividend yielding PSU Stocks
1) NMDC Ltd
The NMDC stock’s dividend yield is 12.3 per cent, the highest in the list. Its latest dividend payout percentage is 46.06 per cent, which is the percentage of the company’s net income in a fiscal year.
The price of the NMDC stock is Rs 119.95 as of December 7, 2022.
The company’s profit after tax (PAT) is 30.07 per cent, and earnings per share (EPS) is Rs 21.43. The five-year return on equity (ROE) is 19.73 per cent.
2) GAIL (India) Ltd
Gail’s dividend yield is 10.7 per cent, the third highest on the list. The dividend payout percentage stood at 36.23 per cent. The PAT margin stood at 7.95 per cent.
The EPS is Rs 17.95, and the five-year average ROE stood at 13.31 per cent.
The stock price of this state-run energy company is Rs 93.25 as of 7 December 2022.
3) Rural Electrifying Corporation Ltd.
At 12 per cent, the REC stock has the second-highest dividend yield. Its latest dividend payout stood at 30.11 per cent.
The PAT margin stood at 26.23 per cent, EPS stood at Rs 38.97, and the five-year ROE stood at 17.48 per cent.
The stock price is Rs 113.05 as of December 7, 2022.
4) Coal India Ltd. (Coal India)
Coal India has paid a dividend yield of 230 per cent to its investors this year. It has paid dividends on three occasions (21 February – 50 per cent; 11 August- 30 per cent; 15 November- 150 per cent)
5) Power Finance Corporation Ltd. (PFC)
Power Finance Corporation has paid a dividend yield of 125 per cent to its investors this year. It has paid dividends on four occasions (25 February – 60 per cent; 9 June- 12.5 per cent; 1 September- 22.5 per cent; 24 November- 30 per cent)
6) Indian Oil Corporation Ltd.
Indian Oil Corporation has paid a dividend yield of 64 per cent to its investors this year. It has paid dividends on two occasions (9 February – 40 per cent; 11 August- 24 per cent).
7) Hindustan Petroleum Corporation Ltd. (HPCL)
Hindustan Petroleum Corporation has paid a dividend yield of 140 per cent to its investors this year. It has paid dividend on one occasion (22 August- 140 per cent).
8) NTPC Ltd.
NTPC Ltd. has paid a dividend yield of 70 per cent to its investors this year. It has paid dividends on two occasions (3 February – 40 per cent; 10 August- 30 per cent).
THIS 160 Year Old Company will give 300% Dividend this Year
Ingersoll Rand India Limited has been so kind to its shareholders that it will pay an interim dividend of Rs 30 (300 per cent) per equity share on December 8, 2022, for a share of the face value of Rs 10.
The company is giving an interim dividend of Rs 7 and a special dividend of Rs 30. This company in the capital goods sector has proved to be a bumper return machine.
In just 11 months, it has given more than 72 per cent return to its investors.
The interim dividend of this multi-bagger stock has been fixed as the ex-date of November 22, 2022, and the record date of November 23, 2022.
Talking about the share price history of Ingersoll Rand India Limited, its investors’ money has almost doubled this year.
The company’s share price on NSE stood at Rs.1240.65 on January 3, 2022. The stock’s closing price on December 2, 2022, was Rs 2141.00.
The market cap of this mid-cap stock company on NSE is around Rs 6,782 crore.
The net profit of Ingersoll Rand India has jumped 36.18 per cent to Rs 35.45 crore in the September 2022 quarter.
In the corresponding quarter of the previous financial year (Q2FY22), the company’s profit was Rs 26.03 crore. At the same time, the company’s net sales increased to Rs 253.94 crore.
What does the company do?
The more than 160-year-old Ingersoll Rand Company offers goods and services such as compressor systems, power tools, lifting and material handling. It provides services and solutions in many sectors.
