10 PSU Stocks With Dividend Yields Up To 11%

It's always a little tricky writing on dividends, as you never know whether the dividend declared by a company could be one-off. So, investors should look for a more consistent track record of dividends and not a one-off dividend. As far as this report is concerned we have just picked it from the Axis Securities report and investors would do well to cross the dividends from their end. What we do know is that some Public Sector Units like Coal India, PFC, REC and Power Grid have a very consistent track record of declaring dividends.

High dividend yielding stocks as per Axis Securities report

Company Name	CMP In Rs	Dividend Yield
REC Ltd	119	11.00%
Coal India Ltd	222	10.50%
Oil & Natural Gas Corpn Ltd	153	9.20%
Balmer Lawrie Investment Ltd	358	8.40%
Oil India Ltd	254	7.70%
Housing & Urban Development Corporation Ltd	46	7.60%
Rites Ltd	351	7.30%
Power Finance Corporation Ltd	164	6.10%
Hindustan Petroleum Corporation Ltd	232	6.00%
Balmer Lawrie & Company Ltd	113	6.00%

Note - CMP as on 14th March 2023

Stock that will trade Ex-Dividend next week

Housing & Urban Development Corporation Ltd. (HUDCO)

HUDCO, a financial sector midcap stock, has recently approved the payment of an Interim Dividend for the Financial Year 2022-23 @ 7.7%, Rs 0.75 per share of Rs 10/- each. The stock will trade Ex-dividend on 22nd March 2023. On NSE, the stock is currently trading at Rs 46.90/share, up 0.11%. The stock has fallen 5.57% in 1 week. It gained 27.7% in 1 year, and 99.78% in 3 years, respectively. It has fallen 35.69% in 5 years.

Disclaimer

This article is for information purposes only and highlights stocks that declared good dividends. The dividend yields in the stocks are taken from the report of Axis Securities. The article should be treated as informational and not an advisory to invest. There is no fundamental analysis done on any stock, nor have we ascertained "one-off" dividends. Neither the author nor Greynium Information Technologies Pvt Ltd nor Axis Securities should be held responsible for decisions based on this article.