Dec 03, 2022
Last updated on Dec 03, 2022 in Stock Market
If you want to invest in a stock for a long time, then you can bet on these 10 stocks. You can easily earn from dividend every quarter without expecting stock appreciation.
1. Vedanta
Data from Motilal Oswal shows that Vedanta's dividend payout to shareholders has increased in the last three financial years. The company paid a dividend of ₹3.9 per share in FY20, which increased to ₹9.5 per share in FY2020, and further to ₹45 per share in FY22.
2. NMDC
State-owned mineral producer, NMDC's dividend yield for FY22 is around 12.1%. The company had given a dividend of ₹14.7 per share to its shareholders in FY2022, compared to ₹7.8 per share in FY2021 and ₹5.3 per share in FY2010.
3.Indian Oil Corp.
The oil marketing company's dividend yield as of the end of fiscal 2012 is approximately 11.8%. A dividend of ₹8.4 per share was paid in FY22 as compared to ₹8 per share in FY21 and ₹2.8 per share in FY20.
4. INEOS Styrolution
The specialty chemical company has given dividend at the rate of 11.4 per cent till FY22. The small-cap stock paid a dividend of Rs 105 per share during FY2020, which is more than ten times as compared to Rs 10 per share in FY2011.
5. SAIL
In the financial year 2022, the state-owned steel company has given dividend at the rate of 10.8 percent. Its dividend in FY22 was ₹8.8 per share as compared to ₹2.8 per share in the previous FY.
6. Power Finance Corporation
India's largest infrastructure finance company, PFC has a dividend yield of 10.2% for FY22. The company paid a dividend of ₹12 per share in FY22, compared to ₹10 per share in FY21 and ₹9.5 per share in FY20.
7. REC Limited
REC, a PFC-backed financial services provider in the power sector, paid 9.3 per cent dividend in FY22. The company paid ₹10 per equity share in FY 2021-22. However, less than ₹11 per share in 2021 but more than ₹8.3 per share in 2020.
8. HUDCO
State-owned HUDCO, which provides services in housing finance and plays a role in urban infrastructure development, paid a dividend of 8.5 per cent at the end of FY22. The company's dividend for FY2022 was ₹3.5 per share, which is higher than ₹2.2 per share in FY2021 but lower than ₹3.1 per share in FY20.
9. National Aluminum (NALCO)
NALCO, a government-owned firm with diversified operations in mining, metals and power sectors, paid a dividend of 8.4 per cent till the end of FY2022. The company's dividend for FY22 was Rs 6.5 per share.
10. Hinduja Global Solutions
IT services management company, HGS has given dividend at the rate of 8.3 per cent in FY22. In the financial year 2022, the company's dividend was 9.5 times more than in 2021, the company gave a dividend of ₹ 124 per share.