2023-03-23 15:27

Top 10 Indian Stocks with High Dividend Yields

If you are an investor looking for steady income streams from your investments, stocks with high dividend yields can be a good option to consider. Dividend yield is the annual dividend payment of a company, divided by its stock price. In this article, we will discuss the top 10 Indian stocks with high dividend yields.

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1. Power Finance Corporation Ltd. (PFC):

PFC is a government-owned financial institution that provides funding for power projects. With a dividend yield of around 8.5%, PFC is one of the top picks for investors looking for high dividend yield stocks.

2. Coal India Ltd. (CIL):

CIL is a state-owned mining company and is one of the largest coal producers in the world. With a dividend yield of around 7%, CIL offers a stable income stream to investors.

3. Oil India Ltd. (OIL):

OIL is a government-owned oil and gas exploration company. With a dividend yield of around 6.5%, OIL is a good option for investors looking for exposure to the oil and gas sector.

4. Indian Oil Corporation Ltd. (IOC):

IOC is a government-owned oil and gas company and is the largest fuel retailer in India. With a dividend yield of around 6%, IOC offers a stable income stream to investors.

5. National Aluminium Company Ltd. (NALCO):

NALCO is a state-owned aluminum production company. With a dividend yield of around 5.5%, NALCO offers investors exposure to the metal industry.

6. Power Grid Corporation of India Ltd. (PGCIL):

PGCIL is a government-owned power transmission company. With a dividend yield of around 5.5%, PGCIL offers a stable income stream to investors.

7. Hindustan Petroleum Corporation Ltd. (HPCL):

HPCL is a government-owned oil and gas company and is one of the largest fuel retailers in India. With a dividend yield of around 5%, HPCL offers a stable income stream to investors.

8. NTPC Ltd.:

NTPC is a government-owned power generation company. With a dividend yield of around 4.5%, NTPC offers a stable income stream to investors.

9. Bharat Petroleum Corporation Ltd. (BPCL):

BPCL is a government-owned oil and gas company and is one of the largest fuel retailers in India. With a dividend yield of around 4%, BPCL offers a stable income stream to investors.

10. GAIL (India) Ltd.:

GAIL is a government-owned natural gas processing and distribution company. With a dividend yield of around 4%, GAIL offers investors exposure to the natural gas sector.

Conclusion

Investing in high dividend yield stocks can be a good option for investors looking for steady income streams. However, it is important to note that high dividend yield does not necessarily mean a good investment. It is important to do your own research and analyze the company's financials, growth prospects, and dividend history before making any investment decisions.