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4 Large Cap Stocks With Highest Dividend Yield
There are many ways an investor or participant in the equity market can make money; however, most investors consider the easiest way of earning profits is by earning from a dividend. Profits earned from dividend-paying stocks are often called passive income, which is why most investors invest in only dividend stocks.
A stock's dividend yield is the relationship between the dividend per share and the share's current market price. High-yield or high dividend yield stocks have a high dividend yield compared to a benchmark.
So, here is a list of large-cap stocks with the highest dividend yield compared to other dividend-paying stocks.
Vedanta Ltd.
A diversified natural resource company, Vedanta Ltd. is involved in the exploration, extraction, and processing of minerals, oil & gas. The company is involved in the exploration, production, and sale of oil & gas, aluminum, zinc, silver, iron ore, copper, lead, and other metals. It is present in India, South Africa, Ireland, Namibia, the United Arab Emirates and Liberia. Additionally, the company is engaged in commercial power generation, steel production and port operations in India, and glass substrate production in South Korea and Taiwan.
Vedanta Ltd is one of the leading large-cap companies in India, with a market capitalization of over Rs. 100, 383 Crores. The stock's current market price is Rs. 270, 38.7%, down from the 52-week high. The company has the highest dividend yield of 18.89%, with a dividend payout ratio of 89.03%.
REC Ltd.
REC Ltd, formerly Rural Electrification Corporation Ltd, is a Ministry of Power's Central Public Sector undertaking. The company manages financial projects along the whole value chain of the power sector, from generation to distribution.
It is one of the consistent dividend-paying companies in India. The company's current market capitalization is Rs. 24, 752 Crores with a current market price of Rs. 94.0. The company has a dividend yield of 12.21% with a good dividend payout ratio of 30.11%.
NMDC Ltd.
The National Mineral Development Corporation (NMDC), a wholly owned government corporation governed by the Ministry of Steel, was founded in 1958. The company is involved in producing and exploring diamonds and iron ore, as well as manufacturing and selling sponge iron and wind power.
The company's market capitalization is Rs. 37,438 Crores and the stock is currently trading at the market price of Rs. 128. The stock price is down 27.2% from its 52-week high currently. As per the dividend, the company has a dividend yield of 11.51% with a dividend payout ratio of 45.96%.
Oil & Natural Gas Corporation Ltd
Oil & Natural Gas Corporation (ONGC) is one of the leading oil companies in India. The company was first incorporated in the year 1956 for oil exploration by the Government of India. Currently, the company is contributing around 71% to Indian domestic production, which makes it the largest natural gas and crude oil company in India. With these years of experience in oil exploration, the company has over 8 out of 9 producing basins in India.
The stock's current market price is Rs. 127 with a market capitalization of Rs. 159,518 Crores. For many years, the company has been one of the best dividend-paying companies and has a dividend yield of 8.28% with a dividend payout ratio of 29.02%.
