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