SBI Securities High Dividend Yielding Stock List: 2 Maharatna PSUs, Vedanta, Hyundai Motor, & 4 other companies that have paid huge payouts in last 3 years
For investors, dividend may become a steady source of additional income besides stock price appreciation.
SBI Securities has listed down companies that have consistently paid dividend in the last 3 years – i.e FY24/CY23, FY23/CY22 and FY22/CY21. For the purpose of calculating dividend yield, the closing price of 1st January 2025 is taken into account.
Dividends which are distributed out of the company's profits provide a regular income stream, which is looked upon by income-focused investors including retirees. Also, dividends are a sign that the company is generating enough profits and is a sign of a company's good financial health as well as stability.
Furthermore, companies with a long a long history of paying dividends can turn out to be dependable income streams for investors as they represent businesses' commitment to shareholder value as well as strong fundamentals.
High dividend yield stocks: Indian Oil Corporation
For the FY24, the company's dividend yield has been at a whopping 8.8 per cent. The oil marketing company has paid Rs 12 per share dividend for FY24, of which Rs 5 is the interim pay-out while Rs 7 is the final dividend.
High dividend yield stocks: Chennai Petroleum Corporation
For the FY24, the company's dividend yield is at a staggering 8.7 per cent. For FY24, the company paid Rs 55 per share as the final dividend unlike Rs 27 in FY23.
High dividend yield stocks: Shri Dinesh Mills
The textile products company for the past fiscal year paid a special dividend of Rs 20, resulting in the dividend yield of 7.7 per cent.
High dividend yield stocks: Hyundai Motor
The stock after its listing last year has turned out to be a good dividend-yielding stock with yield at 7.4 per cent. The company paid a dividend of Rs 132.7 per share.
High dividend yield stocks: Vedanta
The diversified metals company's dividend yield for the FY24 came at 6.6 per cent
High dividend yield stocks: Coal India
Similar to Vedanta, the state-run mining entity has offered a dividend yield of 6.6 per cent. SBI Securities in its report said that we have outstanding calls for Accelya Solutions, Gujarat Pipavav Port, Coal India and NMDC.
High dividend yield stocks: ILFS Investment Managers
For FY24, the company's dividend yield was at 6.3 per cent, with IL&FS a pay-out of Rs 0.7 per share for FY24 v/s 0.80 and Rs 0.40 per share for FY23/FY22 respectively.
High dividend yield stocks: Oriental Carbon and Chemicals
For the FY24, the commodity chemicals company's dividend yield came out at 6.1 per cent.