Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
4 Dividend Stocks To Buy In A Depressed Market
Markets have fallen a great deal since the Union Budget. There are hopes that the government may exempt Foreign Portfolio Investors from the tax surcharge that was levied in the Union Budget. In any case stocks have fallen to such an extent that dividend yields have become extremely attractive. Here are 4 stocks that you must buy for their dividend yields.
1) IndiaBulls Housing
IndiaBulls Housing tends to declare dividends every quarter. Typically, in a period of downturn too the housing finance company declares a decent dividend. In fact, it is likely that this year we would see the company declare a dividend of Rs 40 per share.
Based on the current market price of Rs 500, the dividend yield on the stock works to a cool 8 per cent. Dividends up to a sum of Rs 10 lakhs is tax free in the hands of investors.
The company has been in the news for various allegations, but, it does not seem to reflect in the company's ability to declare dividends, nor on its financial numbers. In fact, the company from time to time has completely quashed all sorts of roumours on malpractices.
2) Karnataka Bank
This bank has a very consistent track record of declaring dividends every year. At the current market price of Rs 81, the shares of the company offer a dividend yield of 4.53 per cent. The bank also reported a good set of numbers for the quarter ending June 30, 2019.
In fact, profits at the bank has hit record highs for the quarter ending June 30, 2019. The carnage in banking and NBFC stocks has pulled down a stock like Karnataka Bank lower. In fact, the bank's stock price has now hit a new 52-week low.
At the current market price of Rs 81.25, you might want to consider buying the shares for the long term. The annual dividend yield is rather attractive.
3) Coal India
For the Financial Year 2018-19, Coal India declared a dividend of Rs 13.1 per share. At the current market price of Rs 203, the dividend yield on the stock works to around 6.53 per cent.
Coal India is a virtual monopoly business and is also a cash rich business. The company declares dividend twice a year, though that cannot be considered as certain.
The shares of Coal India recently fell to a 52-week low of Rs 198. The downside risk to the shares are limited given that the dividend yield becomes attractive.
Accumulate the stock on declines for a steady income stream
4) NMDC
Iron ore mining company, NMDC may continue to declare decent dividends even this year. NMDC declared a dividend of Rs 5.52 per share last year. If the company does maintain the same dividend as last year, it may yield a dividend of 5.32 per cent to shareholders NMDC is a government owned company with some assured iron ore mining blocks, which means business is assured. Also, it continues to be a cash rich company. Buy the stock for decent dividend yields.
