Dividend Yield Stocks: Coal India, ONGC, 8 others among top PSUs paying high dividends; do you own?
Coal India, Oil India, Oil and Natural Gas Corporation (ONGC) among other public sector undertaking (PSU) stocks are part of the top 10 dividend-paying companies, according to domestic brokerage firm Religare Broking. ‘’We have filtered the list of top dividend-paying companies based on their fundamental strength and selected 10 stocks.
Investors, interested in dividend income, can consider these stocks for investment,'' said Religare Broking in its report. At a dividend yield of 7.7 per cent, Coal India tops the list of the highest dividend-paying companies, followed by Oil India at a yield of 6.7 per cent.
In FY22, Coal India's dividend per share (DPS) stood at ₹17 and in FY23, the DPS stood at ₹24.3, according to the brokerage.
1.Coal India: At a current market price (CMP) of ₹314, the coal miner gave a dividend yield of 7.7 per cent with FY22 DPS at ₹17 and FY23 DPS at ₹24.3 2.Oil India: At a CMP of ₹299, the oil explorer gave a dividend yield of 6.7 per cent with FY22 DPS at ₹20 and FY23 DPS at ₹14.3 3.ONGC: At a CMP of ₹186, the oil major gave a dividend yield of 6 per cent with FY22 DPS at ₹10.5 and FY23 DPS at ₹11.3.
4.PTC India: At a CMP of ₹140, the power major gave a dividend yield of 5.6 per cent with FY22 DPS at ₹7.8 and FY23 DPS at ₹7.8 5.Power Grid Corporation: At a CMP of ₹202, the PSU gave a dividend yield of 5.3 per cent with FY22 DPS at ₹14.8 and FY23 DPS at ₹10.7 6.Petronet LNG: At a CMP of ₹200, the PSU gave a dividend yield of 5.0 per cent with FY22 DPS at ₹11.5 and FY23 DPS at ₹10 7.Gujarat State Fertilizers & Chemicals: At a CMP of ₹200, the chemical major gave a dividend yield of 5 per cent with FY22 DPS at ₹2.5 and FY23 DPS at ₹10. 8.National Aluminium Company: At a CMP of ₹92, the PSU gave a
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