.

Mid-cap stocks are a combination of both small-cap and large-cap stocks. They have the potential to grow like small-cap stocks and offer steady returns over a long period of time like large-cap stocks. In other words, they provide a balance between growth and stability. However, the icing on the cake is the dividend that some of them provide. 

As per the latest classification, midcap stocks are those that have a six-month average capitalization of greater than ₹ 16,800 crores and below ₹ 48,900 crores. Here are three midcap stocks with a high dividend yield: 

REC Ltd 

REC is a central public sector undertaking under the Ministry of Power. It finances projects in the complete power sector value chain from generation to distribution. The company has a market capitalization of ₹ 31,507 crores and its shares closed at ₹ 117.05 apiece on the National Stock Exchange (NSE). 

With a dividend yield of 11.14%, REC has declared the following dividends in the past year: 

Dividend per share Dividend(%) of Face Value Effective Date
₹3.25 32.50% 09/02/2023
₹5.00 50.00% 07/11/2022
₹4.80 48.00% 12/07/2022

Oil India Ltd 

Oil India is engaged in the exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P-related services for oil blocks. The company has a market capitalization of ₹ 27,772 crores and its shares closed at ₹ 249.65 apiece on the NSE. 

With a dividend yield of 7.81%, Oil India has declared the following dividend in the past year: 

Dividend per share Dividend(%) of Face Value Effective Date
₹10.00 100.00% 22/02/2023
₹4.50 45.00% 21/11/2022
₹5.00 50.00% 15/09/2022

Oracle Financial Services Software Ltd 

The company provides financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry. It has a market capitalization of ₹ 27,772 crores and its shares closed at ₹ 249.65 apiece on the NSE. 

With a dividend yield of 6.00%, Oracle Financial Services Software has declared the following dividend in the past year:

Dividend per share Dividend(%) of Face Value Effective Date
₹190.00 3800.00% 13/05/2022

Written by Simran Bafna

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.