8 Large Cap Stocks With Dividend Yields Upto 28%

Before we give you the dividend yield stocks we would like to clarify that the dividend yield stocks are picked from he brokerage report of Axis Securities. There is a high possibility that the list of stocks could include one-off dividends, jubilee dividends or dividends declared by paying from money received from sale of assets. We have in no way ascertained anything. So, one needs to read the article with a pinch of salt. The dividend yields are taken exactly from the report and have not altered because of the current market price.

High dividend yielding stocks as per Axis Securities report

Company name	Current market price	Dividend yield
Vedanta	284	28.6%
Hindustan Zinc	307	16.1%
Coal India	222	10.5%
ONGC	153	9.2%
Indus Towers	150	7.3%
Gail	110	5.5%
SAIL	88	5.4%
Power Grid	224	5.4%

Taxation on dividends

Please note that dividends are taxed in India. So, if you are in the 30% tax bracket, your liability of dividends could be at those same levels. Apart from this, there is a tds of 10% that is applicable in case the dividends are over Rs 5000. For example, if you invested in company A, and receive dividends of Rs 8000, there is likely to be a tds, unless you submit form 15g or form 15h as the case maybe. Also, traders in the market would have to show the dividends as business income, while other investors can show it as income from other sources. Whatever the source once thing is clear that dividends are taxable.

Should you invest in high paying dividend stocks?

As mentioned earlier, if it is a one-off dividend than you might want to stay away and look at stocks that are consistent with their dividends. One classic example is the stock of Cola India, where the dividends have been very consistent over the years. So, look before you leap.

Disclaimer

This article is for information purposes only and highlights stocks that declared good dividends. The dividend yields in the stocks are taken from the report of Axis Securities. The article should be treated as informational and not an advisory to invest. There is no fundamental anlysis done on any stock, nor have we ascertained "one-off" dividends. Neither the author, nor Greynium Information Technologies Pvt Ltd nor Axis Securities should be held responsible for decisions based on this article.