Markets have become extremely volatile amid Q3FY23 results amid uncertainty in global markets. Retail investors are not just looking at good quarterly numbers from the companies but are also keeping an eye on loyalty awards like dividends announced by companies.
Good quarterly numbers mean profit sharing with the shareholders, and listed companies share their profit with the retail investor by announcing interim or final dividends, bonus shares, buyback of shares, etc. Investors eye these announcements to decide what stocks to add or remove from their portfolios.
Some high-dividend stocks have given dividend yields, much higher than Public Provident Fund (PPF) and bank fixed deposit (FD) interest rates, and retail investors are looking for the same kind of dividend-paying stocks to add to their portfolio in financial year 2023-24.
This dividend stock declared a dividend on five occasions in FY23. The total dividend declared by Vedanta in the financial year 2022-23 is Rs 101.50 per share with a dividend yield in FY23 of nearly 28%.
The five Vedanta dividends given in FY23 are Rs 31.50, Rs 19.50, Rs 17.50, Rs 12.50, and Rs 20.50 per share respectively. So, amid results season, Vedanta would be in focus as the stock has a history of paying high dividends to its shareholders.
This stock declared dividends on three occasions in FY23. The total dividend declared by REC is Rs 13.05 per share, and REC dividend yield in FY23 is around 13.75%, which is much higher than the return given by PPF, EPF and bank FD.
REC, the Maharatna Central Public Sector Undertaking, would be in focus during the ongoing Q4 results season as companies generally declare final dividends while announcing their Q4FY23 numbers.
For the year ending March 2022, IOC declared an equity dividend of 114.00% amounting to Rs 11.4 per share. The company has a good dividend track report and has consistently declared dividends for the last 5 years. It also declared 1:2 bonus shares in June 2022 followed by Rs 2.40 interim dividend per share in August 2022.
The total dividend declared by this PSU stock was Rs 23.25 per share in FY2022-23. Coal India dividend yield in the recently ended financial year was more than 17.50%, which makes it a good dividend stock for investors.
The total dividend declared by PFC in FY23 is Rs 10 per share. PFC dividend yield in FY23 is around 8.35%. In the last six months, PFC stock has jumped nearly 50%. PFC dividend yield and PFC shares' return together deliver double bonanza for its long-term positional shareholders.
PFC declared a dividend on four occasions in the last one year. It paid a dividend of Rs 1.25 per share in June 2022, Rs 2.25 in September 2022, Rs 3 in November 2022 and Rs 3.50 in February this year.
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