6 companies with top dividend yields in India

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As markets rise and stocks prices move-up dividend yields have fallen. Many stocks are still attractively valued in terms of dividend yields. However, for them to remain attractive in terms of yields, they would have to maintain their previous years dividends. Here are select stocks that look good. These are not necessarily the highest dividend yielding companies, but, the ones that have decent yields.

Phoenix Lamps Dividend Yields

Phoenix Lamps declared a dividend of 130 per cent, including interim dividends on a face value of Rs 10. The dividend yield works out to handsome 12.14 per cent on a current market price of Rs 131. The stock is also attractively valued at the current levels. Dividends are tax free in the hands of investors.

Unique Organics Dividend Yield

Unique Organics declared a dividend of 20 per cent on a face value of Rs 10. The stock is trading at Rs 20, taking the dividend yield closer to 10 per cent. Certainly beating fixed deposit interest rates of banks.

Noida Toll Bridge Dividend Yields

Noida Toll Bridge has declared a total dividend of 25 per cent. On the current market price of Rs 36, the yields works out close to 7 per cent.

Precision Wires

Precision Wires is currently traded at Rs 133. The board of the company declared a dividend of 100 per cent on a face value of Rs 10. This takes the dividend yield close to 7.50 per cent.

Good Yields

RSWM is trading at Rs 187 and the board declared a dividend of 125 per cent, taking the yield to as much as 6.76 per cent. The company was formerly known as Rajasthan Spinning and Weaving Mills. It has a good consistent track record for payment of dividends in the past.

Good Returns of 5.38 Per cent

Clasris Lifesciences is traded only on the BSE. The company last declared a dividend of 90 per cent on a face value of Rs 10. This takes the dividend yield to 5.38 per cent on a market price of Rs 167.

Story first published: Wednesday, November 5, 2014, 8:57 [IST]
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