According to Axis Securities, Vedanta Ltd, Hindustan Zinc Ltd, Coal India Ltd, GAIL (India), Power Grid Corporation of India, Indian Oil Corporation, Bharat Petroleum Corporation, Oil and Natural Gas Corporation, Piramal Enterprises, ITC Ltd, Tech Mahindra Ltd, HCL Technologies, Hero MotoCorp, Tata Steel, and NTPC are among the top 15 large cap companies with significant dividend yields. These companies have offered dividend yields ranging from 2% to 20% over the past year.
Notably, Vedanta Ltd and Hindustan Zinc Ltd stand out in the metal and mining sector, boasting stellar dividend yields of 20% and 13%, respectively, over the last 12 months. Vedanta and Hindustan Zinc lead the list with dividend per share values of ₹50 and ₹39, respectively, during this period.
Dividend yield, which indicates the annual dividend payments received by investors for each rupee invested in a stock, is a crucial parameter for calculating investment returns. Especially during volatile market conditions, dividend yield plays a significant role in stock selection to maximize returns. A dividend yield of 2-5% is generally considered favorable, although it varies based on market conditions.
Other noteworthy companies include Coal India and GAIL (India), which have delivered robust 6% dividend returns, while Power Grid Corporation and Indian Oil Corporation have offered dividend yields of 5% each. Additionally, Bharat Petroleum Corporation Ltd, Oil and Natural Gas Corporation, Piramal Enterprises, and ITC Limited have provided handsome returns of 4% each. Hero MotoCorp, HCL Technologies, Tata Steel, and NTPC have rewarded investors with dividend yields of 3% each.
Disclaimer: The views and recommendations mentioned above represent those of individual analysts or brokerage firms and not of LegalParivar.com. Investors are advised to consult certified experts before making any investment decisions.
