These Nifty Stocks Gave The Highest Dividend In FY21

1. BPCL:

The divestment or privatization bound state-run oil marketing company announced the good dividend for the FY21 of Rs. 79 per equity share. Of which Rs. 58 has been announced as the final dividend for the FY while Rs. 21 was announced as the interim dividend. This turns out to be a healthy dividend yield of 16.63%, considering the last traded price of Rs. 475.05 per share on the NSE.

Also, it is being said that the proposal for 100 percent foreign direct investment (FDI) in oil PSUs can hasten the process of BPCL divestment/privatization.

2. IOC:

This is again a Nifty 50 stock that has paid a good dividend over the FY21. The company released two interim dividends of amount Rs. 7.5 and Rs. 3. In addition on May 20, while announcing Q4 and full year financial results, the oil marketing company announced a final dividend of Rs.1.5 per share. Thus taking the total dividend pay out for FY 21 to be Rs. 12 per equity share. Hence, the dividend yield considering the last share price of Rs. 112.65 comes out to be 10.65%.

3. ITC:

FMCG conglomerate with presence across verticals is known to be a good dividend paying stock. For the FY, the company’s dividend is as though Rs. 5 as interim and Rs. 5.75 as final, so dividend yield is 5.258%, considering the last traded price of Rs. 204.45 per share on the NSE.

4. TCS:

This is another Nifty stock that has topped the charts in terms of dividend pay-out. For the FY21, the company gave out dividends four times in amounts of Rs. 5, 12 and 6 while the last Rs. 15 has been given as a final dividend, taking the total dividend pay out for the FY 2021 to be 38. So, dividend yield for TCS turns out to be 1.16% taking the last traded price of Rs. 3273.10.

5. Infosys:

The IT company has in total announced the dividend of Rs. 27 in two installments, taking the dividend yield to be 1.8%. Infosys stock last ended at a price of Rs. 1500.3 per share on the NSE and it trades close to its 52-week high price of Rs.1515.80.

Note dividend yield of a company is compared with the industry average to which the company belongs.

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