Investors in the stock market prefer dividend stocks as it not only helps them achieve returns in the form of value appreciation but also in the form of dividends, which acts as a passive and consistent source of income. As we are in the last week of the year, here is a list of the top 5 stocks that paid high dividends in the Calendar year 2022:
The company announced a total of four dividend payments in 2022. Out of them, two of the dividends were announced in February and September when it paid Rs 35 and Rs 21 per share, respectively. The other two were announced in November when it paid a special dividend of Rs 35 and an interim dividend of Rs 20 per share taking the total to Rs 111 per share.
Polyplex Corporation is engaged in manufacturing BOPP, Blown PP/PE, and CPP films used in the flexible packaging industry. The stock ended at Rs 1,602 on Tuesday and thus has a dividend yield of 7%.
The PSU company announced a total of three dividends in 2022 in the months of February, August, and November when it paid Rs 5, Rs 3, and Rs 15, respectively. Thus, the total dividend payment stood at Rs 23 per share.
Coal India Ltd, a PSU company, is mainly engaged in the mining and production of Coal and also operates Coal washeries. The scrip ended Tuesday’s trading session at Rs 221. The dividend yield according to the current price is at 10%.
The company declared payment of dividends three times in the year in the months of April when it paid a special dividend of Rs 309 per share along with a final dividend of Rs 181 per share followed by a special dividend of Rs 193 per share in August taking the total dividend to Rs 683 per share in the calendar year 2022.
Sanofi India is engaged in the Business of Manufacture and sale of pharmaceutical products. The shares of the company ended at Rs 5,857 levels on Tuesday afternoon. Based on the current market price, the stock has a dividend yield of 12%.
Hinduja Global Solutions Limited
The Hinduja group company declared a total of five dividend payments in the period between January to December of 2022. The first and the highest interim dividend declared was in January of Rs 150 per share followed by two interim dividends in February and August of Rs 28 and Rs 5 respectively. A final dividend of Rs 25 was announced in September and the last dividend of the year was
declared in December of Rs 5 per share taking the total to Rs 213 per share.
Hinduja Global Solutions Ltd is engaged in the business of business process management (BPM). The shares of the company ended at Rs 1,340 levels on Tuesday afternoon. Based on the current market price, the stock has a dividend yield of 16%.
The company paid a total dividend of Rs 81.5 per share in the Calendar year 2022 in multiple intervals. In March it declared a dividend of Rs 13 per share followed by Rs 31.5 in May and Rs 19.5 in July. The fourth dividend was declared in November at Rs 17.5 per share.
Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting, and processing minerals and oil & gas. The scrip ended Tuesday’s trading session at Rs 307. The dividend yield according to the current price is at 27%.
Written by Anoushka Roy
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