- The top PSU stocks recommended by Religare Broking that provide high dividend yields.
- The best option is Coal India, which offers a 6.4% dividend return.
- The dividend yields of PTC India, Rites, and Gujarat State Fertilizers and Chemicals are 4.1% as well.
The top PSU stocks recommended by Religare Broking that provide high dividend yields include Coal India, ONGC, OIL India, Power Grid Corporation of India, Petronet LNG, Gujarat State Fertilizers and Chemicals, PTC India, Rites, Gujarat Narmada Valley Fertilizers and Chemicals, and Chennai Petroleum Corporation.
One of the most important things to take into account when buying dividend-paying stocks is dividend yield. It serves as a gauge of the profits that investors are getting from their stock.
PSU stocks
Based on the fundamental health of these companies, Religare Broking has assessed the top dividend-paying companies and chosen ten stocks for investment.
The best option is Coal India, which offers a 6.4% dividend return. The top PSU companies with high dividend yields are Oil and Natural Gas Corporation and Oil India, which pay 5.5% and 5.4%, respectively.
The robust electricity demand in India is reflected in Electricity Grid Corporation of India’s 4.5% dividend yield. With a 4.5% dividend yield and the advantage of the nation’s robust gas demand, Petronet LNG is another appealing option in the oil and gas sector.
The dividend yields of PTC India, Rites, and Gujarat State Fertilizers and Chemicals are 4.1% as well. Chennai Petroleum Corporation and Gujarat Narmada Valley Fertilizer and Chemicals are two more top choices. For investors who are interested in dividend income, these stocks are seen to be appealing wagers.
