An investors’ portfolio must be a mix of growth stocks as well as high dividend paying stocks. This is so because on the one hand, he can get guaranteed and regular income through high dividend paying 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%. 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%. While on the other hand, taking measured risks through investing in growth stocks would help the investor to earn wealth and prosper. 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. Before we look at the list, let us first know What is dividend?
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. 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. In 2019, it gave a handsome dividend of Rs.22.25 per share to its existing shareholders ,that is 10% dividend of its share price. In 2020, it gave a final dividend of Rs.2.25. Its dividend yield is 10.4%.
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. 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.
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. 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%. So, In this article we are going to have a look at the list of “7 high dividend yield stocks”. Save my name, email, and website in this browser for the next time I comment. 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%.