In the downhill market, watch out for the top dividend-yielding stocks

Kaustubh Bhosale
/ Categories: Trending, Mindshare
In the downhill market, watch out for the top dividend-yielding stocks

As the Indian, as well as the global markets, are turning red with volatility & bears in control, finding the correct stocks to add to a portfolio in a bear market is crucial for potential returns in the future.

As the Indian, as well as the global markets, are turning red with volatility & bears in control, finding the correct stocks to add to a portfolio in a bear market is crucial for potential returns in the future.  

 

These high dividend-yielding government-backed companies are safe bets, particularly, in this kind of market: 

 

REC: The company with the highest dividend yield, this government-owned financier of public infrastructure, has a 13.8 per cent yield. On the face value of each equity share, which was worth Rs 10, REC paid out a total dividend of Rs 15.30 in FY22. As a result, REC paid out 153 per cent of its dividend throughout this fiscal year.   

 

SAIL: Another government-owned business, SAIL is involved in the steel production industry and boasts a 13.5 per cent dividend yield. The company distributed an 87.5 per cent dividend in FY22.   

 

Power Finance Corporation (PFC): Owned by the government, PFC is a power finance agency that pays a dividend return of 12.2 per cent. REC is a subsidiary of PFC, which paid a 120 per cent dividend to its shareholders in the fiscal year FY22.   

 

PTC India: It is a public sector organisation (PSU) that provides electricity trading solutions with a dividend yield of 10.4 per cent. The company distributed a 75 per cent dividend in FY22.   

 

Coal India: With a dividend yield of 9.6 per cent, this government-owned company is the biggest coal producer in the world. In the fiscal year FY22, a 170 per cent dividend had been paid.   

 

PNB Gilts: A dealer in the institutional framework of the government securities market, PNB Gilts is backed by Punjab National Bank. Additionally, it provides an 8.5 per cent dividend return. The business gave its shareholders a 50 per cent dividend during the previous fiscal year.  

 

Indian Oil Corporation: This oil marketing firm gave a dividend yield of 8.2 per cent. The business gave its shareholders an 84 per cent dividend during the previous fiscal year.  

 

ONGC: Offering investors a dividend returns of 7.8 per cent, ONGC is the largest government-owned oil & gas explorer and producer in the nation. ONGC distributed a staggering 210 per cent dividend during the fiscal year FY22.  

 

RITESBacked by Indian Railways, RITES is an expert in infrastructure for transportation. A 7.5 per cent dividend yield is provided by the corporation, which distributed a 170 per cent dividend to its shareholders in FY22. 

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