- Date : 18/08/2022
- Read: 4 mins
Investing in the stock market can be a great source of extra income if you know the pros and cons of investing. Further, five of the best dividend-yielding stocks are listed to help you look through the choices and get maximum gain for your benefit.
Over the years, the stock market has generated immense wealth. If you invest wisely, make informed decisions, and are aware of the risks involved, the stock market can be the perfect embodiment of a money plant.
Also read: Why Should You Consider to Invest in Stock Market?
For getting help in knowing more about the reasons why so many people are currently investing their income in the stock market, so that you are completely aware of the scenario about where you are investing your money at.
High Yielding Stocks
Some shares can give you a high dividend even with a small amount of investment. Some of the high dividend-yielding stocks are as follows:
1. Vedanta
A subsidiary of Vedanta Resources limited, it is a multinational mining company in India, with its headquarters in Mumbai. Vedanta, which was started during the 1980s, is currently stock priced at ₹263.15. Months back, on 6th April, the interim dividend of Vedanta was declared at 3150%, which is ₹31.50. However, recently in the month of July, the amount of interim dividend was changed to 1950%, that is, ₹19.50 with ₹1 as its face value, as declared by the company. Now, the dividend yield has shifted to 19.43%, for the market price of ₹262.45. Though in the current year, the stock has fallen by a margin of 25.72%.
2. REC Limited
Previously known as Rural Electrification Corporation Limited, the company is an Indian power industry public infrastructure finance company. The organization is a public sector undertaking supporting and financing electricity projects throughout India. For the financial year that concluded in March 2022, REC declared an equity dividend of 153.00% or 15.3 cents per share. The current share price of 137.15 equates to a dividend yield of 11.15%. REC Limited's shares finished at 137.15 per share on Friday, up 1.26% from the previous close. So far in 2022, the stock has gained 1.37%(2.18%) YTD.
3. Power Finance Corporation (PFC):
With the Government of India having its ownership under the Ministry of Power department, PFC Ltd. is an Indian financial institution. It is the backbone of India's power sector financially and was established in 1986. For the year ended March 2022, PFC had declared a dividend of ₹12 per share, with the equity dividend as 120.00%. The share is currently priced at ₹120.85, yielding a dividend of 9.92%. Though seen on a year-to-date basis, there has been a fall of 1.59% so far in 2022.
4. Steel Authority of India (SAIL)
It is a steel producer company owned by the government under the Ministry of Steel. SAIL was founded in 1954 and has its basis in New Delhi. For the fiscal year ended March 2022, the declared equity dividend was at ₹8.75 or 87.50%. With the share currently priced at ₹81.65, the dividend yields at 10.71%.
5. Standard Industries Ltd
As announced by the company in May, the interim dividend for the share of the face value of ₹5, as 35%, or ₹1.75 per share, and the ex-date is 30th of May 2022. Next, for the ex-date being 10th of August 2022, 15% was declared as the final dividend or ₹0.75 per share. This, for the year ending March 2023, the total dividend becomes ₹2.50 per share, which means, with its share currently priced at ₹24.95 in the market, the dividend yield is at 10.02%. Standard Industries Ltd has been enjoying a growth in its profits as seen on a year-to-date basis; the so far gain in 2022 has been 56.92%.
The above were some of the best dividend-yielding stocks in which you can invest your money to see profitable growth. However, the increase and decrease in shares are subject to market forces and cannot stay consistent at a predetermined value. A thorough study of the stock market, the various forces affecting it, and the ways it can help you gain are advised for your suitability.
Also Read: Best Stocks to Invest in India for Long Term (2022) - How to Find Them?
Disclaimer: The above blog is just for education purposes and should not be considered a piece of expert advice. All finance schemes are subject to market risk; hence investments should be made at your own risk after a complete study of the market.
Over the years, the stock market has generated immense wealth. If you invest wisely, make informed decisions, and are aware of the risks involved, the stock market can be the perfect embodiment of a money plant.
Also read: Why Should You Consider to Invest in Stock Market?
For getting help in knowing more about the reasons why so many people are currently investing their income in the stock market, so that you are completely aware of the scenario about where you are investing your money at.
High Yielding Stocks
Some shares can give you a high dividend even with a small amount of investment. Some of the high dividend-yielding stocks are as follows:
1. Vedanta
A subsidiary of Vedanta Resources limited, it is a multinational mining company in India, with its headquarters in Mumbai. Vedanta, which was started during the 1980s, is currently stock priced at ₹263.15. Months back, on 6th April, the interim dividend of Vedanta was declared at 3150%, which is ₹31.50. However, recently in the month of July, the amount of interim dividend was changed to 1950%, that is, ₹19.50 with ₹1 as its face value, as declared by the company. Now, the dividend yield has shifted to 19.43%, for the market price of ₹262.45. Though in the current year, the stock has fallen by a margin of 25.72%.
2. REC Limited
Previously known as Rural Electrification Corporation Limited, the company is an Indian power industry public infrastructure finance company. The organization is a public sector undertaking supporting and financing electricity projects throughout India. For the financial year that concluded in March 2022, REC declared an equity dividend of 153.00% or 15.3 cents per share. The current share price of 137.15 equates to a dividend yield of 11.15%. REC Limited's shares finished at 137.15 per share on Friday, up 1.26% from the previous close. So far in 2022, the stock has gained 1.37%(2.18%) YTD.
3. Power Finance Corporation (PFC):
With the Government of India having its ownership under the Ministry of Power department, PFC Ltd. is an Indian financial institution. It is the backbone of India's power sector financially and was established in 1986. For the year ended March 2022, PFC had declared a dividend of ₹12 per share, with the equity dividend as 120.00%. The share is currently priced at ₹120.85, yielding a dividend of 9.92%. Though seen on a year-to-date basis, there has been a fall of 1.59% so far in 2022.
4. Steel Authority of India (SAIL)
It is a steel producer company owned by the government under the Ministry of Steel. SAIL was founded in 1954 and has its basis in New Delhi. For the fiscal year ended March 2022, the declared equity dividend was at ₹8.75 or 87.50%. With the share currently priced at ₹81.65, the dividend yields at 10.71%.
5. Standard Industries Ltd
As announced by the company in May, the interim dividend for the share of the face value of ₹5, as 35%, or ₹1.75 per share, and the ex-date is 30th of May 2022. Next, for the ex-date being 10th of August 2022, 15% was declared as the final dividend or ₹0.75 per share. This, for the year ending March 2023, the total dividend becomes ₹2.50 per share, which means, with its share currently priced at ₹24.95 in the market, the dividend yield is at 10.02%. Standard Industries Ltd has been enjoying a growth in its profits as seen on a year-to-date basis; the so far gain in 2022 has been 56.92%.
The above were some of the best dividend-yielding stocks in which you can invest your money to see profitable growth. However, the increase and decrease in shares are subject to market forces and cannot stay consistent at a predetermined value. A thorough study of the stock market, the various forces affecting it, and the ways it can help you gain are advised for your suitability.
Also Read: Best Stocks to Invest in India for Long Term (2022) - How to Find Them?
Disclaimer: The above blog is just for education purposes and should not be considered a piece of expert advice. All finance schemes are subject to market risk; hence investments should be made at your own risk after a complete study of the market.
