“Dividend Yield” is defined as a financial ratio showing how much a company pays out by way of dividends every year relative to the company’s stock price. Listed below are four stocks under the “mid-cap” category having a high dividend yield of up to percent:
NMDC Limited
With a market capitalization of Rs 33,189 crores, the shares of NMDC Limited closed at Rs 113.25 on Friday, a flat movement as compared to the previous close of Rs 113.15 apiece.
During FY22-23, the company paid out a total dividend of Rs 3.75 per equity share equating to a dividend yield of around 3.31 percent.
NMDC Limited is engaged in the business of mining of a wide range of minerals including copper, iron ore, rock phosphate, dolomite, and many others.
Oil India Limited
With a market capitalization of Rs 29,680 crores, the shares of Oil India Limited closed at Rs 273.70 on Friday, gaining about 1.70 percent as compared to the previous close of Rs 269.25 apiece.
During FY22-23, the company paid out a total dividend of Rs 14.50 per equity share equating to a dividend yield of around 5.30 percent.
Oil India Limited is involved in the business of exploration, development, and production of natural gas, crude oil, as well as liquefied petroleum gas. Crude oil sales form a majority chunk of the revenue of the company.
Indus Towers Limited
With a market capitalization of Rs 46,622 crores, the shares of Indus Towers Limited closed at Rs 173 on Friday, gaining about 1.10 percent as compared to the previous close of Rs 171.10 apiece.
During FY22-23, the company paid out a total dividend of Rs 11 per equity share equating to a dividend yield of around 6.36 percent.
Indus Towers Limited is a provider of infrastructure for telecommunications towers. The company deploys, owns, as well as manages communication structures and telecom towers for mobile operators.
360 One Wam Limited
With a market capitalization of Rs 18,132 crores, the shares of 360 One Wam Limited closed at Rs 507.80 on Friday, gaining about 2.30 percent as compared to the previous close of Rs 496.40 apiece.
During FY22-23, the company paid out a total dividend of Rs 69 per equity share equating to a dividend yield of around 13.59 percent.
Based in Mumbai, 360 One Wam Limited is a wealth management firm providing advisory services for derivatives & equities, commodities, asset management, wealth management, investment banking, and many other such services.
Written by Amit Madnani
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