A recent report by domestic brokerage Axis Direct has spotlighted companies with significant dividend yields over the past 12 months, spanning large-cap, mid-cap, small-cap, and Public Sector Undertaking (PSU) categories. The analysis identifies several key players, with dividend yields reaching up to an impressive 24 percent.
Large-Cap High Dividend Yield Stocks
Among large-cap companies, Vedanta and Coal India stand out, both boasting dividend yields of 7 percent. Vedanta distributed Rs 16 per share, while Coal India paid Rs 26.5 per share during the period. Following closely are Indian Oil Corporation and Bharat Petroleum Corporation Ltd (BPCL), each with 6 percent yields, having paid Rs 8.3 and Rs 17.5 per share, respectively.
Other prominent large-cap firms with 6 percent dividend yields include Power Finance Corporation (PFC), Oil and Natural Gas Corporation (ONGC), and ITC, which paid Rs 18.8, Rs 13.3, and Rs 14.5 per share. Several technology and financial giants like Tata Consultancy Services (TCS), Indian Railway Finance Corporation (IRFC), HCL Technologies, Wipro, Infosys, Bank of Baroda, Indus Towers, and Power Grid Corporation of India also feature on the large-cap list, each yielding 4 percent.
PSU High Dividend Yield Stocks
In the PSU segment, Hindustan Petroleum Corporation Ltd (HPCL) and Coal India lead with 7 percent dividend yields. Indian Oil, BPCL, REC, PFC, and ONGC all registered 6 percent yields. Other notable PSUs include Balmer Lawrie (6 percent), NMDC (5 percent), and a group of companies with 4 percent yields: Mangalore Refinery and Petrochemicals, RITES, Housing and Urban Development Corporation (HUDCO), Chennai Petroleum Corporation, General Insurance Corporation of India, and National Aluminium Company (Nalco).
Mid-Cap High Dividend Yield Stocks
The mid-cap category sees HPCL and REC re-emerge, alongside Embassy Office Parks REIT and Knowledge Realty Trust, all at 6 percent dividend yields. Oracle Financial Services Software recorded a 4 percent yield in this category.
Small-Cap High Dividend Yield Stocks
For small-cap investors, PTC India offers the highest dividend yield in the report at an impressive 24 percent. CESC follows with 10 percent, while Brookfield India Real Estate Trust, Gateway Distriparks, and Gujarat Pipavav Port each show 7 percent yields. Additional small-cap companies with 6 percent yields include VST Industries, Nexus Select Trust, HeidelbergCement India, Castrol India, Crizac, and R Systems International. Finally, Bata India, Mindspace Business Parks REIT, and Gulf Oil Lubricants India each posted 5 percent yields.
Disclaimer: This report is for informational purposes only and should not be considered investment advice. Investors are encouraged to consult with qualified financial advisors before making any investment decisions.