8 Dividend Stocks Hit Fresh 52-Week Highs On November 28; HAL, MCX, Angel One, 2 Autos, 3 OMCs In List

As the year 2023 nears its ending, high dividend-paying stocks have been booming on stock exchanges. On Tuesday, a total of 8 dividend stocks touched new 52-week highs, and some of them have been hitting new record levels since last week. These stocks are of diverse segments from oil and gas, autos, and NBFCs, to defence and commodities. They are HAL, BPCL, HPCL, Indian Oil, MCX, Angel One, Bajaj Auto, and Hero MotoCorp.

On Tuesday, the Nifty Dividend Opportunities 50 index touched a record level of 4,836.50. The index gained by nearly a per cent to end at Rs 4,831.65 after market hours.

MCX:

MCX shares touched a new 52-week high of Rs 3,169.55 apiece on NSE during trading hours, before ending at Rs 3,135 apiece up by 7.09%.

In the last 12 months, MCX paid a whopping 190.90% dividends amounting to Rs 19.09 per share. Its dividend yield is currently at 0.61%. As per Trendlyne data, MCX declared about 15 dividends since April 2012.

HPCL:

This oil market company (OMC) touched a new 52-week high of Rs 345 apiece before ending at an upside of 6.26% to Rs 340.25 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.

Indian Oil:

HPCL's rival Indian Oil Corporation was not far behind. IOCL touched a new 52-week high of Rs 108.60 apiece before ending at Rs 107.70 apiece up by 4.11% on NSE.

Since August 2001, IOCL has declared about 38 dividends for shareholders up till now. In the last 12 months, the company paid around Rs 8 dividends per share. Currently, its dividend yield is at 7.39%.

BPCL:

Yet another OMC, BPCL shares touched a fresh 1-year high of Rs 425.90 apiece today. However, the stock closed at Rs 422.80 apiece, up by 2.97%.

BPCL paid about Rs 4 dividends per share in the last 12 months and has a dividend yield of 0.94% at the current market price. Since June 2001, BPCL declared approximately 39 dividends so far.

Hero MotoCorp:

This two-wheeler giant has hit back-to-back 52-week highs. On Tuesday, the stock hit a fresh 1-year high of Rs 3,628 apiece, before ending at Rs 3,625 apiece up by 2.15%.

For FY23, Hero MotoCorp paid two dividends. Firstly, the interim dividend of Rs 65 per share or 3250%, and the final dividend of Rs 35 per share or 1750%. Overall, in the financial year 2022-23, the company paid a total of Rs 100 dividends per share or a whopping 5000%.

It has declared up to 38 dividends since July 2001. At the current price level, it has a dividend yield of 2.82%.

Bajaj Auto:

This auto player has also been hitting back-to-back new highs since last week. At the latest, the auto stock touched a new 52-week high of Rs 6,039.65 apiece on Tuesday, before ending at Rs 6,024.10 apiece, higher by 1.6%.

Over the last 12 months, the company paid a total dividend of a whopping 1400% amounting to Rs 140 per share. At the current price level, its dividend yield is at 2.36%. The company has declared 17 dividends since June 2008.

Hindustan Aeronautics (HAL):

HAL is among the top-picked defence stocks due to its growth drivers and strong pipeline ahead. HAL shares have witnessed a huge rally in 2023, and on Tuesday, the stock hits yet another record high of Rs 2,334.35 apiece, after its stock split earlier this month. Overall, the share price ended at Rs 2,288.50 apiece, higher by 2.2%.

In 2023, HAL declared up to Rs 35 dividend per share or 350% for shareholders. For FY23, it paid the second and third interim dividends of Rs 20 per share and Rs 15 per share, for which the share price turned ex-dividend on March 23 and August 24 respectively. The first interim dividend of Rs 20 per share or 200% was paid last year for the same fiscal.

Since March 2019, HAL declared a total of 10 dividends. Its dividend yield is at 0.78% after adjusting bonus issues and stock splits.

Angel One:

This stock broking firm touched a new 52-week high of Rs 3,195 apiece in the trade session of Tuesday, before the share price ended at Rs 3,070 apiece, up by 0.9%.

Angel One has paid about Rs 45.15 dividends per share in the last 12 months. It holds a track record of declaring 14 dividends since November 2020. Currently, its dividend yield is at 1.47%.