3 Stocks Retired Individuals Can Buy For Regular Dividend Income

The sharp fall in the markets has resulted in opportunities to grab good dividend stocks. In fact, the Nifty has now fallen as much as 16% from record highs. However, one needs to buy dividend stocks only if you are able to be certain that the dividend track record would be maintained. Here are 3 dividend stocks with a good track record of dividend for many years.

Sanofi India

The company has a track record of paying special and final dividends. For the year ending December 2021 Sanofi India has declared Rs 490 per share as dividend. The shares have over the last few months fallen sharply from levels of Rs 9000 plus to Rs 6621. At the current share price of Rs 6621.10 this results in a dividend yield of 7.4%. While last year the dividend was slightly higher because of the sale of a business unit, we believe that Rs 350 per share dividend is likely to be consistent at the company. The dividend yield should remain in that 5.5% to 6% range, which is not bad for retired folk. Apart from this, if the shares do climb, there could also be a good capital appreciation for shareholders.

REC

This stock of REC gives a dividend yield of more than 10%, thanks to the sharp fall in the share price. Again, the shares have dropped from levels of Rs 160 plus, to Rs 115, which has boosted the dividend yields in the stock. The company is one of the top players in the infra financing space, particularly power financing. Given that its portfolio of funding is to state owned power companies, the NPAs could well remain in control. We do not see the possibility of the company reducing its dividends, which means the dividend yields at the company would continue to remain healthy at over the 10% mark. For investors, who are looking for stable dividend yields every year, the stock of REC is not a bad bet. Apart from this, should the share price rally, one can get good capital appreciation as well.

PFC

Power Finance Corporation is a government of India owned entity, like REC, the company is largely into power financing. The stock gives a dividend yield of slightly more than 11%, which is not bad at all. Over the years, the company has had a pretty consistent track record of declaring dividends. We believe that the stability in the business would continue and there would be no problem in maintaining a consistent dividend track record. In fact, all of the government owned companies including Coal India, REC, PFC, Mazgaon Dock, Cochin Shipyard have maintained good track record of dividends.

Disclaimer

Investors are advised caution as the markets have become exceedingly volatile. There is a possibility that even dividend stocks could fall, thus eroding investor wealth. Neither Greynium Information Technologies, nor the author, would be responsible for any losses based on a decision reading the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets.