4300% Dividends This Year: 22 Top Dividend Paying Stocks Hit New 52-Week Highs In 1 Day; Do You Own Any?

Indian market is on the roll, skyrocketing to its new record highs. On December 4th, while Sensex and Nifty 50 touched their historic highs, the dividend stocks index has back-to-back hit new peak levels. On this day, with bulls roaring across the market board, a total of 22 top dividend-paying stocks touched fresh 52-week highs. The majority of these stocks were PSUs and CPSEs, however, major stocks in tech, auto, and FMCG also performed impressively.

On Monday, the Nifty Dividend Opportunity 50 index crossed the 5,000 mark, by hitting a new record high of 5,034.45. The index closed at 5,040.45, up by 1.6%. The index's monthly gain is nearly 10.5%, while in a year, it has climbed nearly 29% outperforming the benchmark Nifty 50.

The Nifty Dividend Opportunities 50 Index is designed to provide exposure to high-yielding companies. The methodology employs yield-driven selection criteria that aim to maximize yield while providing stability and traceability.

Here is the list of major dividend paying stocks that touched a new 52-week high on December 4th, giving fruitful returns to investors:

1. HPCL: This stock touched a new 52-week high of Rs 379.45 apiece on NSE. The oil market company has declared a total of 33 dividends since July 2000. Last year, it paid a dividend of Rs 14 apiece. In 2023, it has not paid any dividends yet.

2. Bajaj Holdings: This Bajaj Group-backed holding firm has paid dividends of up to Rs 123 per share in 12 months. Currently, its dividend yield is at 1.57%. The stock touched a new 52-week high of Rs 7,974.25 apiece.

3. BPCL: Yet another OMC to hit a new 52-week high of Rs 464.80 apiece. Last week, BPCL declared an interim dividend of Rs 21 per share or 210% having a face value of Rs 10 each. Earlier, in August, BPCL turned ex-dividend for Rs 4 dividends per share. Currently, BPCL has a dividend yield of 0.93%.

4. Canara Bank: This PSU lender paid a dividend of Rs 12 per share in the past 12 months. Its dividend yield is at 2.81%. The stock touched a new 52-week high of Rs 429 apiece.

5. Bharat Electronics: This aerospace and defence company paid up to Rs 1.80 dividends per share in the past 12 months. The stock's dividend yield is at 1.17%. On the NSE, the stock touched a new 52-week high of Rs 157.50 apiece.

6. GAIL India: Up to Rs 4 per share dividend has been paid by this natural gas company in past 12 months. Currently, it has a dividend yield of 2.82%. The CPSE has touched a new 52-week high of Rs 145.10 apiece.

7. Indian Oil: IOCL will be the third OMC to hit a new 52-week high of Rs 118.15 apiece on NSE after market hours of December 4th. The company paid about Rs 8 per share dividends in the past 12 months and has a dividend yield of 6.90%.

8. REC Ltd: NBFC providing financial services to the power sector, has paid up to Rs 14.10 dividend per share in 12 months. At present, its dividend yield is at 3.62%. The PSU stock has touched a new 52-week high of Rs 394.80 apiece.

9. ONGC: This leading oil and gas operator has paid dividends up to Rs 10.25 per share. Its stock price has a dividend yield of 5.07%. The CPSE touched a new 52-week high of Rs 205.90 apiece.

10. Manapurram Finance: Gold loan NBFC has touched a new 52-week high of Rs 170.40 apiece. The company paid dividends up to Rs 3.15 per share. Currently, it has a dividend yield of 1.88%.

11. Hindustan Aeronautics (HAL): So far, in 2023, HAL declared up to Rs 35 dividend per share or 350% for shareholders. This leading defence stock's dividend yield is at 0.69%. On the NSE, the stock hit a new 52-week high of Rs 2,534.50 apiece.

12. LIC Housing Finance: The HFC has paid dividends of about Rs 8.50 per share. Currently, the stock has a dividend yield of 1.67%. It touched a new 52-week high of Rs 510.60 apiece.

13. Bajaj Auto: This two-wheeler and three-wheeler maker has paid a huge amount of Rs 140 per share as a dividend from its profits in the last 12 months. It has a dividend yield of 2.53%. The auto player touched a new 52-week high of Rs 6,217.70 apiece.

14. Coal India: This coal-producing behemoth is among the largest dividend yield stocks in the PSU basket. In the past 12 months, the stock paid a dividend of Rs 9.25 per share and has a dividend yield of 2.64%. Coal India's share touched a new 52-week high of Rs 360 apiece.

15. Power Finance Corp: In the last 12 months, PFC has declared Rs 12.50 per share cumulatively. The power financial services provider's stock has a dividend yield of 3.31%. On NSE, the NBFC touched a new 52-week high of Rs 386.25 apiece.

16. NTPC: In 2023, NTPC paid a total dividend of Rs 9.50 per share or 95% to its shareholders. Currently, its dividend yield is at 3.74%. NTPC share touched a new 52-week high of Rs 279 apiece.

17. NHPC: The company paid dividends up to Rs 1.85 per share in the last 12 months. At present, its dividend yield is at 3.22%. The stock touched a new 52-week high of Rs 58.50 apiece.

18. Chambal Fertilizers: This company paid dividends of about Rs 12.00 per share. At present, its dividend yield is at 3.69%. The stock hit a new 52-week high of Rs 327 apiece.

19. BSE: The Sensex-benchmark exchange BSE, in the past 12 months, paid a dividend of Rs 12 per share. Currently, it holds a dividend yield of 0.52%. The stock hit a new 52-week high of Rs 2,595 apiece.

20. Colgate-Palmolive: In 2023, Colgate paid a whopping 4300% dividends aggregating to Rs 43 per share. At the current market price, its dividend yield is at 1.96%. This FMCG stock hits a new 52-week high of Rs 2,312 apiece.

21. HCL Tech: This tech giant has declared a massive Rs 50 per share dividends in the last 12 months. Currently, its dividend yield is around 3.74%. On the NSE, the stock hit a new 52-week high of Rs 1,350 apiece.

22. Karur Vysya Bank: This private sector bank paid dividends of approximately Rs 2 per share in the past 12 months. Currently, it has a dividend yield of 1.29%. On NSE, the bank's stock touched a new 52-week high of Rs 160.80 apiece.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.