Dividends are a way for companies to distribute a portion of their earnings back to the shareholders as a reward for their investment. Dividends can be an important source of income for investors, especially those looking for steady and predictable returns.
Any stock that has delivered a Dividend yield of more than 2 is determined to be a good one to reap consistent returns other than the returns delivered by the stock’s performance.
Listed below are some of the stocks that you can add to your watchlist to invest in times of volatility or decline in Indian stock markets, which may provide a little margin of safety during bad times.
Coal India
Coal India Limited is a Maharatna Central Public Sector Enterprise mainly engaged in the business of mining and production of Coal and it also operates Coal washeries. It accounts for over 80 percent of the domestic coal production.
With a market capitalization of Rs. 3,22,403 Crores, the shares of Coal India Limited closed at Rs. 523.15 per equity share, down 1.62 percent from its previous day’s close price of Rs. 531.75.
Coal India Limited has reported a strong dividend yield of 4.87 percent and it has delivered a return of 127 percent in a year.
Its revenue from operations grew by 1.34 percent from Rs. 35,983 Crores in Q1FY24 to Rs. 36,465 Crores in Q1FY25, accompanied by profits of Rs. 10,498 Crores to Rs. 10,944 Crores
NMDC
NMDC Limited is a Navratna Central Public Sector Enterprise, which is India’s largest iron ore producer contributing around 16.07 percent of the total iron ore produced in India. It is involved in the exploration of a range of minerals like copper, rock phosphate, limestone, magnesite, diamond, tungsten, and many more.
With a market capitalization of Rs. 65,352 Crores, the shares of NMDC Limited closed at Rs. 223 per equity share, down 2.58 percent from its previous day’s close price of Rs. 228.90.
NMDC Limited has reported a strong dividend yield of 2.57 percent and it has delivered a return of 100 percent in a year.
Its revenue from operations grew by 11 percent from Rs. 5,851 Crores in Q4FY23 to Rs. 6,489 Crores in Q4FY24 accompanied by profits of Rs. 2,272 Crores to Rs. 1,410 Crores
Gail (India)
Gail (India) Limited is a Maharatna Central Public Sector Enterprise, it is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production &, transmission, LNG re-gasification, petrochemicals and many more.
With a market capitalization of Rs. 1,49,484 Crores, the shares of Gail (India) Limited closed at Rs. 227.35 per equity share, down 2.61 percent from its previous day’s close price of Rs. 233.45.
Gail (India) Limited has reported a strong dividend yield of 2.42 percent and it has delivered a return of 95 percent in a year.
Its revenue from operations grew by 5.94 percent from Rs. 32,789 Crores in Q1FY24 to Rs. 34,738 Crores in Q1FY25, accompanied by profits of Rs. 1,793 Crores to Rs. 3,183 Crores
Gujarat Pipavav Port
Gujarat Pipavav Port Limited is engaged in the business of handling ports and providing port services such as berth hire, wharfage, container handling, yard operations etc. Currently, the Gujarat Pipavav Port is being developed and operated by APM Terminals.
With a market capitalization of Rs. 11,078 Crores, the shares of Gujarat Pipavav Port Limited closed at Rs. 229.15 per equity share, up 3.45 percent from its previous day’s close price of Rs. 221.50
Gujarat Pipavav Port Limited has reported a strong dividend yield of 3.19 percent and it has delivered a return of 85 percent in a year.
Its revenue from operations grew by 14.45 percent from Rs. 215 Crores in Q1FY24 to Rs. 246 Crores in Q1FY25, accompanied by profits of Rs. 68 Crores to Rs. 110 Crores
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HCL Technologies
HCL Technologies Limited is one of the leading global IT services companies, engaged in offering an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services, BPO, and many more.
With a market capitalization of Rs. 4,22,816 Crores, the shares of Gujarat Pipavav Port Limited closed at Rs. 1,558.10 per equity share, down 2.3 percent from its previous day’s close price of Rs. 1,595.20
HCL Technologies Limited has reported a strong dividend yield of 3.34 percent and it has delivered a return of 38 percent in a year.
Its revenue from operations grew by 6.7 percent from Rs. 26,296 Crores in Q1FY24 to Rs. 28,057 Crores in Q1FY25, accompanied by profits of Rs. 3,531 Crores to Rs. 4,259 Crores.
Written by: Bharath K.S
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