Everyone wants to make money in the stock market, but people often make mistakes in choosing the right stocks. So their dream of making money remains unfulfilled. Today we are going to tell you about some dividend-earning stocks along with stock yields, which give excellent dividends.
This report is valid until March 31st.
Nirlon Limited, Coal India, Power Grid Corporation of India, NMDC, VST Industries, Gujarat Pipavav Port, HCL Technologies, Heidelberg Cement India, Swaraj Engines are 9 stocks in the list of companies prepared by IDBI Capital Markets & Securities which have risen by 3%. and above. Providing dividends of Rs. The data used by IDBI Capital has been taken from April 1, 2023, to March 31, 2024.
The financial ratio known as dividend is paid by a company in relation to its share price. A dividend of three to five percent is considered favorable. However, the market situation is equally important. Many times companies give only 1 to 2 percent dividends. The most important reason that investors consider when buying dividend stocks is the dividend. It acts as a barometer of the return on investment received by shareholders.
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Nirlon Limited is the first stock in IDBI Capital’s list which paid a dividend of 6.1% during FY24. The dividend per share of Nirlon has been Rs 26.0. Coal India Limited was not far behind Nirlon as the dividend per share paid by Coal India was Rs 24.60. However, the dividend yield relative to the share price of Coal India was 4.7%.
Power Grid Corporation of India is the third company on the list of IDBI Capital, whose cumulative dividend per share was Rs 13.3. NMDC’s dividend also remained at 3.7%, though NMDC’s dividend per share was Rs 8.7. Though VST Industries is ranked fifth on the list, VST Industries’ dividend yield of 3.5% is not far behind NMDC and Power Grid. VST Industries’ cumulative dividend per share was Rs 150.0.
HCL Technologies was ranked sixth with a dividend yield of 3.2%, while the cumulative dividend per share distributed by the company was Rs 52.0. Gujarat Pipavav Port, Heidelberg Cement India and Swaraj Engines are the next three on the list with a dividend yield of 3.1%.
