Dividend stocks can be a great option for investors looking for passive income. Check out our list of high-dividend stocks and learn how to invest in them.
Dividend stocks are shares of companies that regularly pay investors a portion of the company’s earnings. The best dividend stocks are shares of well-established companies that grow their payouts over time.
1 . Coal India Ltd
Coal India has declared an equity dividend of 242.50% at 24.25 per share for the year ended March 2023. At the current share price of 311.40 this results in a dividend yield of 7.79%. The company has a good dividend track record and has consistently declared dividends for the last 5 years.
Coal India Ltd is mainly engaged in mining and production of Coal and also operates Coal washeries.
Market Cap -191,753 Cr.
Dividend Yield – 7.79%
Dividend Payout – 53.1%
CMP – 311.40
2 .ONGC
Oil and Natural Gas Corporation Limited is the most popular energy company in the world with a market capitalization of ₹2,32,609.36Cr. Its share price on October 16, 2023 is ₹184.90.
A dividend is a percentage of earnings paid to shareholders. Last year, Oil and Natural Gas Corporation Limited paid ₹14.50 for the full year, but should that be the part of your investment that pays good dividends?
ONGC is the largest crude oil and natural gas Company in India
Market Cap – 235,251 Cr.
Dividend Yield – 6.00%
Dividend Payout – 39.9%
CMP – 186.95
3.Oil India
Oil India has declared a 200.00% equity dividend of Rs 20 per share for the year ending March 2023. At the current share price of 319.85 this results in a dividend yield of 6.25%. The company has a good dividend track record and has consistently declared dividends for the last 5 years.
Oil India Ltd is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG
Market Cap – Rs .34,777 Cr.
Dividend Yield – 6.25%
Dividend Payout – 24.8%
CMP – Rs. 319.85
4.Hindustan Zinc
Hindustan Zinc has declared an equity dividend of 3775.00% at Rs 75.5 per share for the year ended March 2023. At the current share price of 322.25 this results in a dividend yield of 23.5%
Hindustan Zinc is the only integrated producer of Zinc, Lead, and Silver in India
Market Cap – Rs 135,929 Cr.
Dividend Yield – 23.5%
Dividend Payout – 303%
CMP – Rs.322
5 .Vedanta Ltd
Vedanta has declared 10150.00% equity dividend amounting to Rs 101.5 per share for the year ended March 2023. At the current share price of 230.35 this results in a dividend yield of 44.47%. The company has a good dividend track record and has consistently declared dividends for the last 5 years.
The company is a leading provider of IT solutions.
Market Cap – 84,975Cr.
Dividend Yield – 44.47%
Dividend Payout – 357%
CMP – Rs. 228.85
