IRCTC, IRFC To Coal India, BEL, REC: 20 High Dividend Paying Stocks Hit New 52-Week Highs On January 20

For the first time, the Indian stock market held a regular trading session on the weekend. On Saturday, Sensex and Nifty witnessed a roller-coaster ride from crossing their 72,000 and 21,700 mark to erasing gains and settling in red. But this was not the case with a total of 20 top dividend-paying stocks. Whether be IRFC, IRCTC, Coal India, defence giant BEL, or tech player Infosys and hydropower NHPC, all of these stocks touched new 52-week highs in a single day.

Broadly, these stocks ended in green. The majority of them are Miniratnas, Navratnas, Maharatnas, PSU Banks, and CPSEs among others. Few private companies that have paid huge dividends in the last 12 months also saw robust buying.

Here are the list of 20 stocks that touched new 52-week highs on January 20:

1. NHPC: This PSU hydropower touched a new 52-week high of Rs 85 apiece on Saturday. In the last 12 months, NHPC paid dividends up to Rs 1.85 per share. Its dividend yield is at 2.30%.

2. Coal India: The largest government-backed coal producer in the world, clocked a new high of Rs 401.50 apiece. Currently, CIL has one of the highest dividend yields in the PSU segment at 6.14%. In the last 12 months, the stock paid dividends up to Rs 24.50 per share.

3. IRFC: The largest railway stock of India in terms of market cap, touched a new 52-week high of Rs 176.25 apiece. In the last 12 months, IRFC declared dividends of up to Rs 1.50 per share. It has a dividend yield of 0.85%.

4. Union Bank Of India: This PSU lender touched a new 52-week high of Rs 145.40 apiece. In the past 12 months, the company delivered Rs 3 per share dividends. It has a dividend yield of 2.12%.

5. Indian Bank: The state-owned bank paid up to Rs 8.60 per share dividends, and currently has a dividend yield of 1.87%. Indian Bank stock touched a new 52-week high of Rs 463.60 apiece.

6. Canara Bank: Bangalore-based PSB touched a new 52-week high of Rs 482.20 apiece. It paid dividends up to Rs 12 per share in the last 12 months and currently has a dividend yield of 2.52%.

7. Colgate-Palmolive: This is a dividend king stock in the FMCG segment. The consumer products maker touched a new 52-week high of Rs 2,550 apiece. It delivered dividends up to Rs 43 per share. It has a dividend yield of 1.70%.

8. REC Ltd: Financier of power projects across India, REC touched a new 52-week high of Rs 471 apiece. The company delivered dividends up to Rs 14.10 per share. Currently, its dividend yield is 3.06%.

9. Bank of India: Mumbai-based BOI share price touched a new 52-week high of Rs 139 apiece. Currently, it has a dividend yield of 1.46% and paid dividends up to Rs 2 per share in the last 12 months.

10. HPCL: One of the leading oil marketing companies, HPCL touched a new 52-week high of Rs 475 apiece. This year, HPCL has not paid any dividends. However, last year, the company paid dividends up to Rs 14 per share. Since July 2000, HPCL has delivered up to 33 dividends as of now.

11. Bharat Electronics (BEL): One of the defence giants, BEL touched a new 1-year high of Rs 195 apiece. At a 0.93% dividend yield currently, BEL has paid up to Rs 1.80 per share in the last 12 months.

12. BPCL: Yet another OMC to touch a new 52-week high to the tune of Rs 486 apiece. BPCL delivered dividends up to Rs 25 per share and has a dividend yield of 5.17%.

13. ONGC: Leading oil and gas explorer, ONGC touched a new 1-year high of Rs 245.45 apiece. It has a dividend yield of 4.23% and paid dividends per share of Rs 10.25 in the past 12 months.

14. Indian Oil: Largest OMC in terms of market share, IOCL touched a new 52-week high of Rs 150.40 apiece. It paid dividends up to Rs 8 per share. It has a dividend yield of 5.40%.

15. Tech Mahindra: Ahead of its Q3 results, Tech Mahindra's share price touched a new 52-week high of Rs 1,406.20 apiece. The company pays up to Rs 44 dividends per share and has one of the highest dividend yields of 3.18% in the IT sector.

16. Infosys: Although the second largest IT firm in India in terms of market cap, did not declare any interim dividend during the Q3FY24 announcement, Infosys has paid up to Rs 35.50 per share and has a dividend yield of 2.15%. Infosys share price touched a new 52-week high of Rs 1,669.25 apiece.

17. GAIL (India): Natural gas explorer, GAIL touched a new 52-week high of Rs 171.80 apiece. In the last 12 months, GAIL paid up to Rs 4 per share dividends. Currently, it has a dividend yield of 2.40%.

18. Cummins India: Engine equipment manufacturing company, Cummins touched a new 52-week high of Rs 2,126.45 apiece. The company paid dividends to the tune of Rs 25 per share. It has a dividend yield of 1.20%.

19. IRCTC: Indian Railways catering services provider, IRCTC touched a new 52-week high of Rs 1,049 apiece. In the last 12 months, IRCTC paid dividends up to Rs 8 per share. It has a dividend yield of 0.78%.

20. Bajaj Holdings: On NSE, this Bajaj Group-backed company touched a new 52-week high of Rs 8,568 apiece. In the last 12 months, Bajaj Holdings paid dividends up to Rs 123 per share. It has a dividend yield of 1.49%.

Disclaimer: This information just highlights about the stock's performance and dividends, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.