Boost your portfolio with these 15 govt-backed high dividend yield stocks

Top 15 dividend yield PSU stocks:  State-run Maharatna Coal India has topped the list of the 15 highest dividend-yielding public sector undertaking (PSU) stocks, according to a report compiled by brokerage firm Axis Securities.

 

Besides Coal India, the list includes REC Limited, Oil and Natural Gas Corporation (ONGC), Power Finance Corporation (PFC), Bharat Petroleum Corporation (BPCL), Balmer Lawrie & Co., GAIL (India), Shipping Corporation of India, NMDC, National Aluminium Company (Nalco), RITES, Power Grid Corporation of India, Hindustan Petroleum Corporation (HPCL), Union Bank of India, and Oil India.

 

D-Street investors seeking passive income may keep an eye on these high dividend-yielding PSU stocks. Dividend yield indicates a company’s annual dividend payout as a percentage of its current market price, offering investors a steady income stream in addition to potential capital appreciation.

 

Coal India leads the list with a dividend yield of 7 per cent, making it the most attractive dividend play among government-backed companies. This is followed by REC Limited, which offers a dividend yield of 6 per cent.

 

Further, ONGC, Power Finance Corporation, Bharat Petroleum Corporation, and Balmer Lawrie & Co. each offer a dividend yield of 5 per cent. Meanwhile, GAIL (India), Shipping Corporation of India, NMDC Ltd, and National Aluminium Company have dividend yields of 4 per cent each. 

Company Name	Industry	CMP (₹)	Mcap (₹ Cr)	Current DPS (₹)	Dividend in Past 12 Mo (₹)	Dividend Yield (Last 12 Mo)
Coal India	Metals & mining	384	2,36,741	10.3	26.5	7%
REC	Financials	341	89,832	4.6	19.7	6%
Oil And Natural Gas Corporation	Oil & gas	234	2,94,278	6	12.3	5%
Power Finance Corporation	Financials	340	1,12,137	3.7	16.4	5%
Bharat Petroleum Corpn	Oil & gas	365	1,58,464	7.5	17.5	5%
Balmer Lawrie & Co	Others	178	3,047	8.5	8.5	5%
Gail (India)	Oil & gas	170	1,11,810	1	7.5	4%
Shipping Corporation Of India	Transport	223	10,370	3	9.6	4%
NMDC	Metals & mining	78	68,550	1	3.3	4%
National Aluminium Co	Metals & mining	279	51,270	4	10.5	4%
RITES	Industrials	229	10,986	2	7.9	3%
POWER GRID CORPORATION OF INDIA	Utilities	262	2,43,862	4.5	9	3%
Hindustan Petroleum Corporation	Oil & gas	467	99,274	5	15.5	3%
Union Bank of India	Financials	153	1,16,527	4.8	4.8	3%
Oil India	Oil & gas	403	65,520	3.5	12	3%

(Source: Axis Securities) 

At the lower end of the list are RITES, Power Grid Corporation of India, Hindustan Petroleum Corporation, Union Bank of India, and Oil India, each with a dividend yield of 3 per cent.

 

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