The dividend yield on a stock indicates the amount of annualized recurring income that investors receive as a percentage of the current market value of the shares they own. When determining whether it might be advantageous to purchase and hold a stock, investors frequently turn to dividend yield.
Here are three large-cap stocks with high dividend yields up to 4.01%.
HCL Technology Ltd
HCL Technology Ltd specializes in transformational outsourcing and provides an integrated range of services, including BPO, engineering and research and development, remote infrastructure management, software-led IT solutions, and remote infrastructure management.
HCL Technology Ltd is a Large-cap company with a market capitalization of Rs 3,42,193.17 crores. On, Monday, The company shares closed at Rs 1,260.55 a share, an increase of 0.04 percent from the previous close. The stock has delivered returns of 14.66 percent in six months.
The IT company reported a revenue of Rs 26,672 crore in Q2FY24, and during the and a profit is Rs 3,833 crore. HCL Technology Ltd has a high dividend yield of 3.80 percent. In July company announced the final dividend of Rs 10 per share.
Hero Motor Corp Ltd
Hero Motocorp Ltd., the biggest producer of two-wheelers, is known for its powerful brands, which include Pleasure, Maestro in the scooter market, and Splendor, Passion, and Glamour in the bike segment, among others.
Hero Motocorp Ltd is a Large-cap company with a market capitalization of Rs 62,333.81 crores. On, Monday, The company shares closed at Rs 3,118.45 a share, an increase of 0.11 percent from the previous close. The stock has delivered returns of 15.88 percent in six months.
Hero Motocorp Ltd has an excellent dividend yield of 3.15 percent. The automobile company reported a revenue of Rs 9,533 crore in Q2FY24, and a profit is Rs 1,002 crore. In July company announced the final dividend of Rs 10 per share.
Tech Mahindra Ltd
Tech Mahindra Ltd offers a wide range of IT services to a diverse base of corporate customers across various industries. These services include IT-enabled services, application development and maintenance, consulting, and enterprise business solutions.
Tech Mahindra Ltd is a Large-cap company with a market capitalization of Rs 1,10,372.51 crores. On, Monday, The company shares closed at Rs 1,131.05 a share, a decrease of 1 percent from the previous close. The stock has delivered returns of 6.27 percent in six months.
The IT company reported a revenue of Rs 12,863.9 crore in Q2FY24, and a profit is Rs 513.6 crore. Tech Mahindra Ltd has an excellent dividend yield of 4.01 percent. In July company announced the final dividend of Rs 32 per share.
Written By:- Abhishek Singh
