“Dividend yield” is generally defined as a financial ratio measuring the quantum of cash dividends paid out to the shareholders relative to the market value per share. Any dividend yield percentage above 2 percent is generally considered to be a ‘high’ dividend yield.
Listed below are three mid-cap stocks engaged in the Power generation business that have a dividend yield of up to 3.14 percent:
NLC India Limited
With a market capitalization of Rs 22,692.31 crores, the stocks of NLC India Limited closed at Rs 163.65 on Thursday, gaining around 1.40 percent compared to the previous closing levels of Rs 161.45 apiece.
Having a look at the key metrics, the company portrays a dividend yield of around 2.17 percent. During the recent financial years, the company’s prime business indicators such as operating revenues and net profits showed positive movements.
The former increased from Rs 11,947.94 crores during FY21-22 to Rs 16,165.24 crores during FY22-23, and, the latter, during the same period, shifted up from Rs 1,115.13 crores to Rs 1,425.13 crores.
SJVN Limited
With a market capitalization of Rs 29,540.27 crores, the stocks of NLC India Limited closed at Rs 75.17 on Thursday, slipping around 0.70 percent compared to the previous closing levels of Rs 75.67 apiece.
Having a look at the key metrics, the company portrays a dividend yield of around 2.34 percent. During the recent financial years, the company’s prime business indicators such as operating revenues and net profits showed positive movements.
The former increased from Rs 2,417 crores during FY21-22 to Rs 2,938.35 crores during FY22-23, and, the latter, during the same period, shifted up from Rs 989.8 crores to Rs 1,359.3 crores.
Torrent Power Limited
With a market capitalization of Rs 39,698.95 crores, the stocks of NLC India Limited closed at Rs 826 on Thursday, a flat movement as compared to the previous closing levels of Rs 826.75 apiece.
Having a look at the key metrics, the company portrays a dividend yield of around 3.14 percent. During the recent financial years, the company’s prime business indicators such as operating revenues and net profits showed positive movements.
The former increased from Rs 14,257.61 crores during FY21-22 to Rs 25,694.12 crores during FY22-23, and, the latter, during the same period, shifted up drastically from Rs 458.7 crores to Rs 2,164.67 crores.
Written by Amit Madnani
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