Coal India, ONGC, Chennai Petroleum, REC: Top 11 dividend-yielding PSU stocks

Produced by: Tanya Aneja
Designed by: Manoj Kumar

Dividend yield is an indicator of the return that investors are earning on their shares. In general, a high dividend yield stock provides regular income. 

What is dividend yield?

According to Axis Securities, Coal India delivered a dividend of Rs 20.25 per share with the highest dividend yield of 9% in last 12 months. 

Coal India: 9% dividend yield

ONGC came in at number two with dividend yield of 8% at dividend of Rs 14 in last one year. The stock is currently hovering around its 52-week high of Rs 180.25.

Oil & Natural Gas Corporation: 8% dividend yield

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Chennai Petroleum Corporation: 7%
dividend yield

Chennai Petroleum Corporation delivered a dividend of Rs 27 per share with the dividend yield of 7% in last 12 months. The multibagger stock has also zoomed over 220% in the last two years. 

REC delivered a dividend of Rs 15.6 per share with the dividend yield of 7% in last 12 months. The stock is up over 115% in the past 12 months. 

REC Ltd: 7% dividend yield

Balmer Lawrie Investment delivered a dividend of Rs 30 per share with the dividend yield of 7% in last 12 months. The stock is also hovering around its 52-week high of Rs 433.9. 

Balmer Lawrie Investment Ltd: 7% dividend yield

Oil India delivered a dividend of Rs 19.5 per share with the dividend yield of 7% in last 12 months. The stock hit its 52-week high of Rs 286.85 on August 16, 2023. 

Oil India Ltd: 7% dividend yield

Power Grid Corporation of India delivered a dividend of Rs 17 per share with the dividend yield of 7% in last 12 months.

Power Grid Corporation of India Ltd: 7% dividend yield

NALCO delivered a dividend of Rs 5 per share with the dividend yield of 6% in last 12 months. The stock hit its 52-week high of Rs 97.6 on August 1, 2023. 

National Aluminium Company Ltd: 6%
dividend yield

HPCL, HDFC and PFC delivered dividend yield of 5% in last 12 months at a dividend of Rs 14, Rs 3.5 and Rs 13.25 respectively. 

HPCL, HDFC and PFC: 5% dividend yield

Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position

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