Axis Securities’ latest “Dividend Yield Stocks Report” for December 16, 2024, highlights the top 15 dividend yield companies across Large Cap, Mid Cap, Small Cap, and PSU categories, providing critical insights for income-seeking investors. Here’s a breakdown of the key findings:
Top Dividend Yield – Large Cap Companies
The Large Cap segment sees companies in Metals & Mining and Oil & Gas dominating the list.
1.Vedanta Ltd leads the table with a 13% dividend yield, distributing ₹40.5 DPS over the past 12 months.
2.Coal India Ltd follows closely with a 6% yield and ₹15.75 DPS.
3.Other notable mentions include Hindustan Zinc Ltd (6% yield), Oil & Natural Gas Corporation (5%), and Hero MotoCorp from the auto sector (4% yield).
IT stocks HCL Technologies and Infosys also feature with stable yields of 3% and 2%, showcasing dividends in a traditionally growth-oriented sector.
Top Dividend Yield – PSU Stocks
Public sector undertakings (PSUs) remain strong dividend payers with Chennai Petroleum Corporation leading the pack:
1.Chennai Petroleum Corporation Ltd offers a significant 9% dividend yield with ₹55 DPS.
2.Hindustan Petroleum Corporation and Coal India follow with 6% and 5% yields, respectively.
3.In the financial sector, REC Ltd and Power Finance Corporation Ltd provide attractive yields of 6% and 5%, respectively.
4.Companies like NMDC Ltd (Metals) and Oil India Ltd continue to reward investors with robust dividends.
Top Dividend Yield – Mid Cap Companies
Mid Cap dividend leaders are primarily from Oil & Gas, Financials, and Metals & Mining sectors:
1.Hindustan Petroleum Corporation and National Aluminium Company top the list with 6% dividend yields.
2.NMDC Ltd and Power Finance Corporation also maintain strong yields of 3% to 4%.
3.Prominent banks like Canara Bank and Bank of Baroda feature, highlighting a steady dividend focus among mid-sized financial institutions.
Top Dividend Yield – Small Cap Companies
Small Cap companies provide a diverse opportunity for investors with high yields:
1.Aster DM Healthcare Ltd stands out with a 25% dividend yield, leading the segment.
2.Chennai Petroleum Corporation (also on the PSU list) continues to deliver with a 9% yield.
3.Other prominent names include D B Corp Ltd, Jagran Prakashan Ltd, and Balmer Lawrie Investment Ltd, showcasing yields in the range of 5%-6%.
Key Takeaways for Investors
•PSU Stocks dominate the top yielders, reflecting consistent dividend payouts.
•Mid Cap financials and Large Cap energy stocks remain steady dividend performers.
•Investors seeking high dividend yields can explore opportunities in Small Cap companies such as Aster DM Healthcare and Chennai Petroleum Corporation, balancing risk and reward.
Axis Securities’ December 2024 report highlights the strategic potential of dividend yield investments, offering income stability across sectors. Investors are encouraged to monitor dividend trends for consistent and long-term returns.
