Dividend stocks: Highest dividend-paying mid-cap stocks in 2023, from REC to NMDC—check out the full list

Highest dividend-paying stocks in India, Highest dividend-paying mid-cap stocks: As Dalal Street enters the last week of trading in 2023, returning from the long weekend of Christmas holidays, we have listed five high dividend-paying stocks from the mid-cap space as per data available on Trendlyne in 2023 that one should take a look at:

Oracle Financial Services Software dividend yield

The IT service company connects and automates financial management processes, including payables, receivables, fixed assets, expenses, and reporting, for a clear view of total financial health. In the past 12 months, Oracle Financial has declared an equity dividend amounting to Rs 225 per share. At the current share price, the dividend yield of the counter stands at 5.38 per cent.

Petronet LNG dividend yield

Formed on April 2, 1998, as a joint venture company (JVC), with a 50 per cent shareholding of the leading 4 oil and gas PSUs, by GOI order dated July 4, 1997, Petronet LNG has equity participation from Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation Limited (IOCL), GAIL (India) Limited, and Bharat Petroleum Corporation Limited (BPCL).

In the past 12 months, Petronet LNG has announced an equity dividend amounting to Rs 10 per share. At the current share price of Rs 215.5, this results in a dividend yield of 4.64 per cent.

Indraprastha Gas dividend yield

Established in 1998, Indraprastha Gas Limited is a natural gas distribution company that supplies natural gas as cooking and vehicular fuel, primarily in Delhi NCR. The company is a joint venture between GAIL, Bharat Petroleum, and the Government of Delhi.

In the past 12 months, Indraprastha Gas Ltd. has declared an equity dividend amounting to Rs 17.00 per share. At the current share price of Rs 412.00, this results in a dividend yield of 4.13 per cent.

NMDC dividend yield

Incorporated in 1958, NMDC is India’s largest producer of iron ore. Since its inception, the corporation, under the administrative control of the Ministry of Steel, has been involved in the exploration of a wide range of minerals, including copper, rock phosphate, limestone, magnesite, diamond, tungsten, and beach sands, among others, in some of the most remote corners of the country. In the past 12 months, NMDC Ltd. has declared an equity dividend amounting to Rs 6.60 per share. At the current share price of Rs 202.40, this results in a dividend yield of 3.26 per cent.

REC dividend yield

In the past 12 months, REC Ltd. has declared an equity dividend amounting to Rs 14.10 per share. At the current share price of Rs 417.00, this results in a dividend yield of 3.38 per cent.
REC is a 'Maharatna' company. REC was incorporated in 1969 in the backdrop of severe drought and famine in the country to energise agricultural pump sets for irrigation purposes, thereby reducing the dependency of agriculture on monsoons.

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