High dividend paying stocks: Gujarat Pipavav Port, Coal India, ONGC, REC, Tata Consultancy Services, HCL Technologies Limited, Petronet LNG, Power Finance Corporation, HUDCO and GAIL India are among the top companies with strong dividend yield and payout.
Dividend yield helps investors to understand how much a company pays out in dividends every year relative to its current share price. It matters because it measures the immediate cash returns people get from investment in stocks.
Coal India share price closed 1.13% lower at ₹394.90 per share on BSE with a market capitalisation of ₹2,43,366.14 crore on Thursday. The PSU has announced ₹26.50 per share dividend over the last one year. Its dividend yield stood at 6.72%.
The stock closed 2.21% lower at ₹161.15 per share on Thursday. It has announced ₹10.40 per share dividend over the last one year. Its dividend yield stood at 6.45%
REC Limited share price closed 3.19% higher at ₹296.10 per share on BSE. The company has announced ₹17.10 per share dividend in the last one year and its yield stood at 5.78%.