In a market where volatility keeps investors on their toes, dividend paying stocks offer a comforting edge for many. And among large cap companies, a few stand out for delivering strong dividends year after year. From mining giants to oil and gas majors, here is a look at the top 5 dividend yield stocks in India that continue to reward their shareholders.
Vedanta: 12% dividend yield
Topping the list is Vedanta, a heavyweight in the metals and mining space. With a current market price of Rs 374 and a market cap of Rs 1.46 lakh crore, the company has distributed a total dividend of Rs 43.5 per share over the past 12 months. That translates into a whopping 12% dividend yield.
Despite offering one of the highest dividend yields in the market, Vedanta’s stock has come under pressure. Over the past five trading sessions, the shares have slumped by nearly 18%, while in the past one month, they’re down 15%. On a six-month basis, the stock has tumbled 25%, although over the last one year, it has managed to post a 15% gain. However, year-to-date (YTD), Vedanta shares have seen a sharp decline of 16%.
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Next up is Hindustan Zinc, another big player in the mining sector. The company has a market cap of Rs 1.71 lakh crore and is trading around Rs 407. With Rs 29 in dividends paid over the last year, the stock offers a 7% yield.
Shares of Hindustan Zinc are up around 2% in today’s intraday trading, adding to a 4% gain over the last five sessions. In the past month, the stock has inched up by 2%. However, zooming out, the six-month performance paints a different picture, with the stock tumbling 19%. On a one-year basis, it has managed a modest 1% uptick.
Coal India: 7% dividend yield
Black gold, big dividends – a public sector giant, Coal India comes in third. The company, with a market value of over Rs 2.32 lakh crore and a share price around ₹378, has offered total dividends of Rs 26.35 in the past year. That’s a 7% dividend yield, powered by the company’s dominant position in the coal mining sector.
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