4 NSE PSE Stocks With High Dividend Yield Up To 10%

Indian Oil Corporation

Indian Oil Corporation Limited, also known as IndianOil, is a government-owned company in India. It is owned by the Ministry of Petroleum and Natural Gas of the Government of India, which is based in New Delhi. As of 2021, the government firm is placed 212nd on Fortune’s Global 500 list of the world’s largest enterprises. With a net profit of $6.1 billion for the fiscal year 2020-21, it is the country’s largest government-owned oil firm.

Dividend History

Since August 27, 2001, Indian Oil Corporation Ltd. has declared 33 dividends. Indian Oil Corporation Ltd. has declared an equity dividend of Rs 12.00 per share in the last 12 months. At the current share price of Rs 106.35, this equates to an 11.28 percent dividend yield.

Coal India

Coal India Limited (CIL) is a coal mining and refining company controlled by the Indian government. It is owned by the Ministry of Coal of the Government of India, which is based in Kolkata, West Bengal, India. It is the world’s largest coal producer and a Maharatna public sector initiative. India’s coal resources are estimated to be in excess of 326 billion tonnes. The reserves are sufficient to meet the demand for several centuries at the current rate of production.

Dividend History

Since February 18, 2011, Coal India Ltd. has issued 18 dividends. Coal India Ltd. has declared an equity dividend of Rs 12.50 per share in the last 12 months. This translates to a dividend yield of 9.0 percent at the current share price of Rs 138.85.

Power Finance Corporation

Power Finance Corporation is an Indian financial corporation that is owned by the Indian Ministry of Power. It is the financial backbone of the Indian power sector, having been established in 1986. The corporation, which was initially completely owned by the Indian government, became public in January 2007. The IPO was oversubscribed by more than 76 times, making it one of the largest for an Indian company’s initial public offering.

Since September 7, 2007, Power Finance Corporation Ltd. has declared 27 dividends.

Power Finance Corporation Ltd. has declared an equity dividend of Rs 10.00 per share in the last 12 months. This equates to a dividend yield of 7.95 percent at the current share price of Rs 125.85.

REC

In India’s power industry, REC Limited, originally Rural Electrification Corporation Limited, is a public Infrastructure Finance Company. The firm is a government-owned corporation that finances and promotes power projects throughout India.

The company lends to the country’s Central/State Sector Power Utilities, State Electricity Boards, Rural Electric Cooperatives, Non-Governmental Organizations, and Private Power Developers.

Dividend History

Since September 8, 2008, REC has paid out 27 dividends. REC Ltd. distributed an equity dividend of Rs 13.00 per share in the previous 12 months. This amounts to a dividend yield of 8.95 percent at the current share price of Rs 145.25.

4 NSE Stocks With High Dividend Yield Up To 10%

Company	Last Traded Price	Dividend Yield
IOC	106.35	11.28%
Coal India	138.85	9.0%
REC	145.25	8.95%
Power Finance Corporation	125.85	7.95%

Disclaimer

Investing in stocks has the risk of financial loss. As a result, investors must proceed with prudence. Any losses incurred as a result of decisions based on the article are not the responsibility of Greynium Information Technologies, the author, or the brokerage houses. Due to the fact that Sensex has now crossed 55,500 points, investors should exercise caution.