Axis Securities has identified five large-cap stocks with high dividend yields, all priced below Rs 500. Three of these stocks are public sector undertakings (PSUs). Below is a detailed look at each stock, including their dividend yield, market cap, and recent dividend payments, based on the latest data.
1. Vedanta
- Company: Vedanta Limited
- Market Cap: Rs 1,48,712.06 crore
- Dividend Yield: 12%
- Dividend Paid (Last 1 Year): Rs 43.50 (across 4 occasions)
- Current Market Price (CMP): Rs 380 (NSE)
Vedanta Limited, a multinational mining company, operates in iron ore, gold, and aluminium mining. It is owned by Anil Agarwal and offers one of the highest dividend yields among largecap stocks.
2. Hindustan Zinc
- Company: Hindustan Zinc Limited
- Market Cap: Rs 1,73,745.12 crore
- Dividend Yield: 7%
- Dividend Paid (Last 1 Year): Rs 29 (across 2 occasions)
- Current Market Price (CMP): Rs 413.40 (NSE)
Hindustan Zinc Limited, a subsidiary of Vedanta Limited, focuses on zinc, lead, and silver production. It is a consistent dividend-paying stock in the largecap category.
3. Coal India
- Company: Coal India Limited
- Market Cap: Rs 2,41,578.95 crore
- Dividend Yield: 7%
- Dividend Paid (Last 1 Year): Rs 26.35 (across 3 occasions)
- Current Market Price (CMP): Rs 391.85 (NSE)
Coal India Limited, a Maharatna PSU under the Ministry of Coal, is a leading coal producer. It offers a stable dividend yield, appealing to income-focused investors.
4. ONGC
- Company: Oil and Natural Gas Corporation (ONGC)
- Market Cap: Rs 2,89,786.73 crore
- Dividend Yield: 6%
- Dividend Paid (Last 1 Year): Rs 13.50 (across 3 occasions)
- Current Market Price (CMP): Rs 230.20 (NSE)
ONGC, a Maharatna PSU under the Ministry of Petroleum and Natural Gas, is a key player in oil and gas exploration. Its consistent dividends make it a reliable choice for investors.
5. BPCL
- Company: Bharat Petroleum Corporation Limited (BPCL)
- Market Cap: Rs 1,27,138.84 crore
- Dividend Yield: 6%
- Dividend Paid (Last 1 Year): Rs 15 (across 2 occasions)
- Current Market Price (CMP): Rs 292.75 (NSE)
BPCL, another Maharatna PSU under the Ministry of Petroleum and Natural Gas, operates in refining and marketing petroleum products. It offers a steady dividend yield for largecap investors.
