{"id":104525,"date":"2023-06-26T15:15:00","date_gmt":"2023-06-26T09:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104525"},"modified":"2023-06-26T15:04:56","modified_gmt":"2023-06-26T09:34:56","slug":"midcap-stock-with-a-high-dividend-yield-more-than-6-to-add-to-your-watchlist","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-with-a-high-dividend-yield-more-than-6-to-add-to-your-watchlist\/","title":{"rendered":"Midcap stock with a high dividend yield more than 6% to add to your watchlist"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1713905235\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Investors are drawn to companies with high dividend yields because they ensure tax-free income, and they buy in such stocks only for the dividend yield based on their investments.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1537079919\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>A company&#8217;s dividend payments may be viewed as a sign of stability and perspective\u00a0growth, which may draw investors and increase the value of the shares.<\/p><p>Here is a High dividend mid-cap stock.<\/p><h4 class=\"wp-block-heading\" id=\"h-power-finance-corporation-ltd\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PFC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Power Finance Corporation Ltd<\/a><\/strong><\/h4><p>Power Finance Corporation (PFC) is a financial institution dedicated to power sector financing, Company provides financial products and services for various power projects in the generation, transmission, and distribution sectors.<\/p><div class=\"trade-content_5\" id=\"trade-2519789030\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company belongs to the Mid-cap category with a market capitalization of Rs 52,445 crores. Shares were trading at Rs 198.75&nbsp; a share on June 16, down 0.67 percent from the previous close price.<\/p><p>The company recorded a 6.62 percent dividend yield for FY23, and its price-to-earnings ratio is 3.33, which is lower than the industry P\/E of 11.33, indicating that the stock is trading at a lower price and has an EPS of 60.18.<\/p><p>For FY23, Company board members recommended a final dividend of Rs 4.50 per share having a face value of Rs10 each. In addition to the interim dividend of Rs 8.75 per share.<\/p><p>Revenue climbed by 2 percent yearly, rising from Rs 76,261 crore in FY 21-22 to Rs 77,568 crore in FY 22-23. Net profit has increased by 13 percent, from Rs18,790 crore to Rs 21,178 crore.<\/p><p>In recent years, profitability ratios have improved. For FY23, ROE is 18.88 percent, ROCE is 65.09 percent, and the debt-to-equity ratio is 2.83.<\/p><p>Similarly, the operating margin is 94.77 percent and the net profit margin is 27.30 percent.<\/p><div class=\"trade-content-10\" id=\"trade-4242410947\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As per the shareholding pattern, promoters of the company hold a 55.99 percent stake,Foreign Institutional Investors have a 16.49 and Domestic institutional investors have&nbsp; 16.67percent stake in the company for FY 22-23.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar C<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3763243841\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Investors are drawn to companies with high dividend yields because they ensure tax-free income, and they buy in such stocks only for the dividend yield based on their investments. A company&#8217;s dividend payments may be viewed as a sign of stability and perspective\u00a0growth, which may draw investors and increase the value of the shares. Here [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9576,7703,7702,948,936],"class_list":["post-104525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-power-finance-corporation-dividend-yield","tag-power-finance-corporation-latest-news","tag-power-finance-corporation-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midcap stock with a high dividend yield more than 6% to add to your watchlist - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Investors are drawn to companies with high dividend yields because they ensure tax-free income, and they buy in such stocks only for the dividend yield based on their investments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/midcap-stock-with-a-high-dividend-yield-more-than-6-to-add-to-your-watchlist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midcap stock with a high dividend yield more than 6% to add to your watchlist\" \/>\n<meta property=\"og:description\" content=\"Investors are drawn to companies with high dividend yields because they ensure tax-free income, and they buy in such stocks only for the dividend yield based on their investments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/midcap-stock-with-a-high-dividend-yield-more-than-6-to-add-to-your-watchlist\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-26T09:45:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Markets-7-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Markets-7-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/midcap-stock-with-a-high-dividend-yield-more-than-6-to-add-to-your-watchlist\/\",\"url\":\"https:\/\/tradebrains.in\/features\/midcap-stock-with-a-high-dividend-yield-more-than-6-to-add-to-your-watchlist\/\",\"name\":\"Midcap stock with a high dividend yield more than 6% to add to your watchlist - 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