Coal India Ltd is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns etc. It is a central government owned company having a market cap of Rs.89,668 Cr. Currently, the stock is being traded at Rs.143.
TV Today Network is primarily engaged in broadcasting television news channels, radio stations and newspaper publishing in India. The company is having a market capitalization of Rs.1,274 Cr and the stock is currently traded at Rs.216. REC is engaged in extending financial assistance across the power sector value chain and is a Systemically Important (Non-Deposit Accepting or Holding) Non-Banking Finance Company (NBFC) registered with Reserve Bank of India (RBI) as an Infrastructure Finance. It is a large cap company and is having a market capitalization of Rs.27,994. The current price at which REC Ltd. Is being traded is Rs.138. So, In this article we are going to have a look at the list of “7 high dividend yield stocks”. In 2019, the company gave a dividend of Rs.5.85 per share and in 2020, it rewarded its shareholders with a total dividend amount of Rs.19.5 per share. Its dividend yield is 8.25%. Before we look at the list, let us first know What is dividend?
In 2019, the company awarded its shareholders with a final dividend of Rs.4 which is 40% of its face value and in 2020, it gave a total dividend of Rs.7.5. The stock is having a dividend yield of 8.72%. If an investor is willing to earn high returns through stock market then they must consider the option of investing in stocks which dividend yield very handsome & giving dividends time to time and thus act as a fixed source of income for the investors. Nice and value information
While on the other hand, taking measured risks through investing in growth stocks would help the investor to earn wealth and prosper. Highest Dividend Paying Stocks in India 2021 SJVN is engaged in the business of Electricity generation. The company is also engaged in the business of providing consultancy. Net market capitalization of SJVN Ltd is Rs.10,355 Cr. Currently, the stock is being traded at Rs.26 per share. Notify me of new posts by email. INVESTOR ACADEMY 📊 is now on Telegram. Click here to join our channel and stay updated with the Latest Dividends, IPOs news and stock market updates. As we all know, interest rates given on fixed deposits are very low as compared to the dividend yield given by some stocks. Thus the investors who are not willing to take extra risks but still want steady and relatively risk-free returns that are better than fixed deposits can invest in high-dividend paying stocks.
Giving out dividends is not necessary but recommendatory. But companies give dividends to reward its shareholders and gain their trust on the company. In 2019, it gave a total dividend of Rs.10.25 to its shareholders and in 2020 also, the total dividend amounted to Rs.10.60. Oil India Ltd is having a dividend yield of 9.24%. NLC India is engaged in the business of mining of lignite and generation of power by using lignite as well as Renewable Energy Sources. The company is having a market capitalization of Rs.7,814 Crore. So basically, in a common man’s language, dividend is the money shared by the company with its respective shareholders after keeping the reserves with it. Oil India is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. Its market capitalization is Rs.12,444 Crore and its current share price is Rs.115. In 2019, the company rewarded its existing shareholders with a total dividend of Rs.2.1 per share and in 2020, it gave a dividend of Rs.2.2 per share against a face value of Rs.10. Dividend yield of SJVN Ltd is 8.53%.