7 Stocks That Offer A High Dividend Yields Of More Than 9%

Some stocks are good on dividend yields. Here are 7 stocks that offer good dividend yields of more than 9%. These stocks are based on the report of IDBI Capital Markets of March 3, 2023.

Company name	Dividend yield	Current market price
REC	16.50%	116
Hindustan Zinc	15.80%	313
Coal India	12.70%	223
Sanofi India	11.80%	5809
Oil India	9.80%	258
PFC	10.60%	15

Courtesy: IDBI Capital Markets

Please note that investors should do their own research as prices could have changed since the release of the report and hence the yield. Also, there is no assurance that the future years dividends per share would be the same and hence one should be careful when investing.

Criteria for selection by IDBI Capital Markets

The Market cap should have been more than 800 Cr, Dividend yield should be more than 3%, the company should be profit making for past 3 years. Five year average ROE should be more than 9, Special Dividend (one off) are not taken into consideration, while consistent Special Dividend are considered, Consistent dividend paying track record.

Please note that high dividend yields does not automatically make the stocks as good stocks picks, though, they could as well. Investors should study the fundamentals, their own risk appetite before investing. Markets have turned extremely volatile and stock returns can always be risky. The above is just information and should not be construed as buy, sell or hold stock ideas.

Disclaimer:

The stocks have been picked from the brokerage research report of IDBI Capital Markets. Greynium Information Technologies and the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.