Investing in dividend-paying stocks can be a strategic way to generate income while also benefiting from potential capital appreciation. Dividend yield is a key metric that indicates how much a company pays out in dividends relative to its stock price, making it an attractive option for investors seeking regular cash flow.
Here are 5 such high dividend paying stocks:
Indian Oil Corporation Ltd
With a market capitalization of Rs.2.3 lakh crores, Indian Oil Corporation Ltd’s share price is currently at Rs.162.80 per share, down 1 percent from its previous close.
IOCL has a dividend yield of 7.36 percent and a dividend payout ratio of 39.6 percent. The company’s return ratios include a ROCE (Return on Capital Employed) of 21.1 percent and ROE (Return on Equity) of 25.7 percent.
In terms of financial performance, IOCL saw a 2.3 percent YoY decline in revenue for Q1 FY25, reaching Rs.1,93,845 crore, while net profit dropped by 74 percent to Rs.3,723 crore during the same period.
Vedanta Ltd
With a market capitalization of Rs.1.94 lakh crores, Vedanta Ltd share price is currently at Rs.498.25 per share, 1.2 percent up from its previous close.
Vedanta Ltd has a dividend yield of 7.04 percent and a high dividend payout ratio of 259 percent. The company’s return ratios include a ROCE of 20.9 percent and ROE of 10.5 percent.
In terms of financial performance, the company saw a 6 percent YoY increase in revenue for Q1 FY25, reaching Rs.35,764 crore, while net profit rose by 63 percent to Rs.5,095 crore during the same period.
Bharat Petroleum Corporation Ltd
With a market capitalization of Rs.1.46 lakh crores, Bharat Petroleum Corporation Ltd (BPCL) share price is currently at Rs.337.45 per share, 0.6 percent up from its previous close.
BPCL has a dividend yield of 6.18 percent and a dividend payout ratio of 33.4 percent. The company’s return ratios include a ROCE of 32.1 percent and ROE of 41.9 percent.
In terms of financial performance, the company saw a slight 0.1 percent YoY increase in revenue for Q1 FY25, reaching Rs.113,095 crore, while net profit declined 73 percent to Rs.2,842 crore during the same period.
Hindustan Petroleum Corporation Ltd
With a market capitalization of Rs.83,985 crores, Hindustan Petroleum Corporation Ltd (HPCL) share price is currently at Rs.394.95 per share, 0.64 percent up from its previous close.
HPCL has a dividend yield of 5.32 percent and a dividend payout ratio of 27.9 percent. The company’s return ratios include a ROCE of 21.3 percent and ROE of 40.4 percent.
In terms of financial performance, the company saw a slight 1.6 percent YoY increase in revenue for Q1 FY25, reaching Rs.1,13,888 crore. However, the net profit declined 73 percent to Rs.634 crore during the same period.
Coal India Ltd
With a market capitalization of Rs.3.03 lakh crores, Coal India Ltd share price is currently at Rs.493.05 per share, 1 percent up from its previous close.
Coal India has a dividend yield of 5.20 percent and a dividend payout ratio of 42.0 percent. The company’s return ratios include a ROCE of 63.6 percent and ROE of 52.0 percent.
In terms of financial performance, the company saw a slight 1.3 percent YoY increase in revenue for Q1 FY25, reaching Rs.36,465 crore. Moreover, the net profit inclined 4.25 percent to Rs.10,944 crore during the same period.
Written by – Siddesh S Raskar
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