High Dividend Yield Stocks: These stocks have dividend yield higher than the industry average; do you own them?
The Benchmark indices are trading on the higher side despite the negative global market cues.
The Benchmark indices are trading on the higher side despite the negative global market cues.
Zydus LifeSciences declared a buyback of Rs 750 crore of equity shares which will commence on 23 June and close on 6 July. HDFC Mutual fund acquires additional 21.5 per cent stake in Delta corporation. As a result of this the share of Delta Corporation have soared by almost 4 per cent to Rs 187.05 today.
Today, high Volume trading was seen in stocks like TCS, Bajaj Finance, State Bank of India, Tata Steel and HDFC Bank.
The company's declaring dividend in this week are DCB Bank, Havells India, Indian Bank, R Systems International, Canara Bank, Hindustan Unilever, Tata Power, Tata Elxsi, Apollo Tyres, and Bank of Baroda.
High dividend yield stocks can provide support during volatile times. It is interesting to focus on high quality dividend yield stocks where the dividend yield is greater than the industry average dividend yield.
Following table highlights such high dividend yield stocks :
|
Sr No.
|
Stock Name
|
Dividend Yield (per cent)
|
Industry Avg Yield (per cent)
|
|
1
|
Steel Authority of India
|
11.57
|
9.93
|
|
2
|
Vedanta
|
14.03
|
9.93
|
|
3
|
Tata Steel
|
4.73
|
9.93
|
|
4
|
Bharat Petroleum
|
15.97
|
8.35
|
|
5
|
Indian Oil Corporation
|
10.72
|
8.35
|
|
6
|
Coal India
|
8.72
|
6.59
|
|
7
|
Vardhman Textiles
|
11.71
|
6.58
|
|
8
|
Hindustan Zinc
|
6.01
|
5.09
|
|
9
|
VST Industries
|
4.39
|
4.15
|
|
10
|
ITC
|
4.19
|
4.15
|
|
11
|
Cochin Shipyard
|
5.25
|
3.94
|
|
12
|
Hero Motocorp
|
3.74
|
3.64
|
|
13
|
Bajaj Auto
|
3.67
|
3.64
|
|
14
|
GAIL
|
6.75
|
3.59
|
|
15
|
Castrol India
|
5.09
|
3.3
|
|
16
|
Indus Towers
|
5.47
|
3.02
|
|
17
|
Oil & Natural Gas Corporation
|
3.02
|
2.96
|
|
18
|
Oil India
|
5.12
|
2.96
|
|
19
|
Bata India
|
2.98
|
2.66
|
|
20
|
JSW Steel
|
3
|
2.39
|