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