Top dividend-yield PSU shares: Coal India, ONGC, BPCL, IOC, 11 others

Coal India leads the pack with a dividend yield of 8 per cent. Following it are ONGC, and BPCL, both offering a dividend yield of 6 per cent each

Top dividend-yield PSU shares: Domestic brokerage firm Axis Securities has unveiled a list of the top 15 public sector undertaking (PSU) stocks with the highest dividend yields. Dividend yield is one of the key factors that investors consider when seeking to pocket additional gains from their investments. It is the percentage of a company's annual dividend relative to its current stock price.  

Coal India leads the pack with a dividend yield of 8 per cent. Following it are Oil and Natural Gas Corporation (ONGC) and Bharat Petroleum Corporation (BPCL), both offering a dividend yield of 6 per cent each.

 

The other names on the list include Indian Oil Corporation, REC, Power Finance Corporation (PFC), Gail (India), Gujarat Mineral Development Corporation, Oil India, Power Grid Corporation of India, Bank of Baroda, Bank of Maharashtra, Hindustan Petroleum Corporation (HPCL), Bank of India, and General Insurance Corporation of India (GIC).  ALSO READ | High dividend yield stocks: 10 companies to watch for passive gains 

Notably, the list features 12 stocks from the financial and oil & gas sectors, with six from each. 

 

Company Name	Industry	CMP (In Rs)	Mcap (INR Cr)	Current DPS	Dividend in the Past 12 Mo (in Rs)	Dividend Yield (Last 12 Mo)
Coal India	Metals & Mining	378	2,32,643	5.6	26.35	7%
Oil And Natural Gas Corporation	Oil & Gas	220	2,76,565	5	13.5	6%
Bharat Petroleum Corporation	Oil & Gas	274	1,18,745	5	15.5	6%
Indian Oil Corporation	Oil & Gas	128	1,80,879	7	7	5%
REC	Financials	384	1,01,208	3.6	20.4	5%
Power Finance Corporation	Financials	395	1,30,371	3.5	16.25	4%
Gail (India)	Oil & Gas	169	1,11,139	6.5	6.5	4%
Gujarat Mineral Development Corporation	Metals & Mining	262	8,320	9.55	9.55	4%
Oil India	Oil & Gas	343	55,833	7	12.5	4%
Power Grid Corporation of India	Utilities	289	2,69,159	3.25	10.5	4%
Bank Of Baroda	Financials	229	1,18,610	7.6	7.6	3%
Bank of Maharashtra	Financials	44	33,551	1.4	1.4	3%
Hindustan Petroleum Corporation	Oil & Gas	353	75,070	11	11	3%
Bank of India	Financials	106	48,154	2.8	2.8	3%
General Insurance Corporation of India	Financials	386	67,790	10	10	3%

 

Bank of Baroda, Bank of Maharashtra, HPCL, Bank of India, and GIC were ranked at the bottom of the list with a dividend yield of 3 per cent each.

 

Meanwhile, Coal India and Gujarat Mineral Development Corporation were the two companies from the mining sector, with their respective dividend yields of 7 per cent and 4 per cent. Power Grid Corporation of India was the sole representative from the utilities sector on the list, with a dividend yield of 4 per cent.