Top stocks paying highest dividend

Top stocks paying highest dividend

by 5paisa Research Team Last Updated: Jun 03, 2022, 01:34 PM IST

Who doesn’t like to be rewarded for the risk undertaken? Some companies reward their investors by paying them dividends. In this article, we would be listing top stocks that pay hefty dividends.

There are various ways in which you can earn from investing in a stock. The two most popular ways of earning from stocks are by way of capital appreciation and by way of dividends. Having said that, paying a dividend is not mandatory on the part of a company. Hence, it makes no sense to simply rely on dividends.

Usually, companies declare dividends when they are profitable enough having no capital expenditure in the pipeline. However, if the company is just holding those profits in cash, where it neither pays dividend nor carries out any capacity expansion activities, calls for a deeper look at its fundamentals.

While looking at the companies paying the highest dividend, it is prudent to look at dividend yield. Dividend yield is nothing but a measure that shows the percentage of company’s share price that it pays as dividends. It is simply calculated by dividing the dividend per share by its current share price. In order to understand the dividend yield trend of the market, we would be looking at the dividend yield of Nifty 500 for the last five years.

Date 

Dividend Yield (%) 

May-18 

1.2 

May-19 

1.2 

May-20 

1.6 

May-21 

1.1 

May-22 

1.4 

Below is the list of stocks having highest dividend yield. 

Stocks 

CMP (Rs) 

Sales Growth (%) 

Profit Growth (%) 

ROE (%) 

P/E 

Dividend Yield (%) 

Dividend Payout Ratio (%) 

Vedanta 

321.0 

30.9 

21.8 

29.8 

6.2 

14.0 

89.0 

Power Fin. Corporation 

112.0 

19.3 

16.4 

21.2 

2.1 

10.7 

22.6 

REC Ltd 

119.9 

14.1 

13.5 

21.2 

2.4 

10.6 

30.1 

IOCL 

118.5 

3.7 

9.0 

20.5 

4.5 

10.2 

47.3 

SAIL 

76.7 

8.3 

12.8 

25.1 

2.5 

8.5 

29.5 

Coal India 

196.9 

4.2 

1.6 

43.6 

7.0 

8.2 

60.4 

Polyplex Corporation 

2,596.8 

10.6 

15.0 

17.9 

14.4 

6.3 

57.4 

HUDCO 

35.9 

9.7 

10.7 

12.4 

4.2 

6.1 

32.1 

GAIL (India) 

148.7 

7.7 

10.7 

20.9 

5.4 

6.1 

18.1 

 

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
SENSEX
53,018.94
-8.03 (-0.02%)
Nifty 50
15,780.25
0.00 (0.00%)
Nifty Bank
33,425.10
0.00 (0.00%)

Open Free Demat Account

& get benefits worth 2100*

 
Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code

By proceeding, you agree to the T&C.

SENSEX
53,018.94
-8.03 (-0.02%)
Nifty 50
15,780.25
0.00 (0.00%)
Nifty Bank
33,425.10
0.00 (0.00%)

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number