3 Stocks With Dividend Yields Of Near 7%, Trading Below 200-Day Moving Averages

Markets have been trading in a range for sometime now. The Sensex is finding it hard to breach the 60,000 points level and continues to hover around that 58,000 to 60,000 points levels. Going ahead we would likely see volatility as we head into the monetary policy. Here are a list of stocks with dividends of more than 7% and trading below 200-day moving averages.

Coal India Stock

Coal India stock is currently trading at a 200-day moving average of Rs 219. The stock of Coal India trades now at Rs 213. The dividend yield on the stock of Coal India is slightly more than 7%. The company has a very consistent track record of paying dividends and has been doing so for many years. There is unlikely to be any disruption in payment of dividends unless there are massive labour concerns at the company.

CESC Stock

This stock of CESC at the current market price of Rs 66.75, gives you a dividend yield of nearly 6.75%. Again, like Coal India, the company has a very good track record when it comes to payment of dividends every year. The 200-day moving average of the stock is Rs 77, while the stock now trades at Rs 66, which is significantly lower than the 200-day moving average. The company is a monopoly when it comes to electricity distribution in the city of Kolkata. It also has good strong cash flows.

Sanofi India Stock

This multinational pharma company is trading way below the 200 day moving average and also has a good track record when it comes to payment of dividends. The 200 day moving average is Rs 5911, while the stock trades at Rs 5711. For 2022-23, the company has already declared a Rs 194 and Rs 183 as special and final dividend. Based on these dividends, the dividend yield is nearly 7%. We suggest investors to not only go by the dividend yields, but, also to look at other parameters of significance.

Disclaimer

The article highlights dividend yields and 200-day moving averages and is not a recommendation from the author to buy, sell or hold. Neither Greynium Information Technologies Pvt Ltd, nor the author should be held responsible for losses caused based on a decision from the article. We advise caution before investing in mutual funds.