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. They also reflect a company’s financial health and profitability, often signaling confidence from the management about future earnings.
Dividends are usually associated with established companies that have a history of profitability. Growth-oriented companies might opt to reinvest profits back into the business rather than pay dividends, to fuel further expansion.
Listed below are some of the stocks that are available under Rs. 250 with a dividend yield of upto 7 percent
Indian Oil Corporation
Indian Oil Corporation Limited is a Maharatna Central Public Sector Enterprise and the the largest refiner in the country with a market share of 42 percent across petroleum, oil, and lubricants, with over 59,900 touchpoints.
It has business interests across the entire value chain of hydrocarbon from Refining, Pipeline transportation, and marketing of Petroleum products to R&D, Exploration & production, and marketing of natural gas and petrochemicals.
With a market capitalization of Rs. 2,41,049 Crores, the shares of Indian Oil Corporation Limited closed at Rs. 170.700 per equity share, up 0.65 percent from its previous day’s close price of Rs. 169.60.
Indian Oil Corporation Limited has reported a strong dividend yield of 7.03 percent and it has delivered a return of 75 percent in a year.
Its revenue from operations decreased by 7.77 percent from Rs. 8,41,756 Crores in FY23 to Rs. 7,76,352 Crores in FY24, accompanied by profits of Rs. 11,704 Crores to Rs. 43,161 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. 10,872 Crores, the shares of Gujarat Pipavav Port Limited closed at Rs. 224.90 per equity share, down 0.20 percent from its previous day’s close price of Rs. 225.35.
Gujarat Pipavav Port Limited has reported a strong dividend yield of 3.25 percent and it has delivered a return of 85 percent in a year.
Its revenue from operations grew by 7.80 percent from Rs. 917 Crores in FY23 to Rs. 988 Crores in FY24, accompanied by profits of Rs. 313 Crores to Rs. 342 Crores.
Heidelberg Cement India
HeidelbergCement India Limited is engaged in the business of integrated manufacturing of building materials like Ordinary Portland Cement, Portland Pozzolana Cement, Portland Slag Cement, clinker, aggregators, and many other related products
With a market capitalization of Rs. 5,367 Crores, the shares of HeidelbergCement India Limited closed at Rs. 236.85 per equity share, up 5.31 percent from its previous day’s close price of Rs. 224.90.
HeidelbergCement India Limited has reported a strong dividend yield of 3.39 percent and it has delivered a return of 33 percent in a year.
Its revenue from operations grew by 5.70 percent from Rs. 2,238 Crores in FY23 to Rs. 2,366 Crores in FY24, accompanied by profits of Rs. 99 Crores to Rs. 168 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. 72,239 Crores, the shares of NMDC Limited closed at Rs. 246.50 per equity share, down 0.26 percent from its previous day’s close price of Rs. 247.15.
NMDC Limited has reported a strong dividend yield of 2.67 percent and it has delivered a multibagger return of 118 percent in a year.
Its revenue from operations grew by 20.61 percent from Rs. 17,667 Crores in FY23 to Rs. 21,308 Crores in FY24, accompanied by profits of Rs. 5,601 Crores to Rs. 5,571 Crores.
Written by Bharath KS
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