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Stocks With Highest Dividend Yield 2022: Top 4 Large Cap Stocks Below Rs 150
4 leading stocks maintained high dividend yield in the year 2022. These stocks are NMDC Ltd, REC Ltd, GAIL (India) Ltd, and Power Finance Corporation Ltd. NMDC and REC maintained dividend yield above 13%, GAIL (India) gave a dividend yield of above 11% and Power Finance stock's dividend yield is near 8%.
Dividend yield is computed by dividing dividend per share by the market price per share and multiplying the outcome by 100. Check key takeaways below:
1. NMDC Ltd
The last trading price of the stock is Rs 122 apiece with an intraday decline of 1.73%. The stock has maintained a dividend yield above 12%.
The mining sector stock announced an equity dividend of 1474% equivalent to Rs 14.74 per share for the year ending March 2022. If the current market price of Rs 122 per share is taken into consideration, it will give a dividend yield of 13.08.
It has consistently declared dividend for the last 5 years.
The large cap company has a market capitalisation of Rs 35,826.66 crore. The stock has given maximum 12% return in last 3-years and witnessed maximum decline of 16% in last 1-year.
NMDC is considered to be one of the low-cost producers of iron ore in the world. It also operates the only mechanized diamond mine in India at Panna, Madhya Pradesh. NMDC is also setting up a 3 MT integrated steel plant at Nagarnar, Chhattisgarh, according to its official website.
2. REC Ltd
The last trading price of REC Ltd is Rs 111 apiece. The company has maintained a dividend yield of 13.7% if the current market price is taken into consideration.
The large cap stock announced an equity dividend of 153% or Rs 15.3/share for the year ending March 2022. It has maintained a good dividend track record and continuously announced dividend for the last 5-years. It has a market capitalisation of Rs 29,399 crore.
Today the stock hit its new 52-week high.
It has given maximum return of 15% in last 3-years and witnessed maximum decline of 2% in last 5-years.
REC is a Navratna Central Public Sector Undertaking under the Ministry of Power. It is a leading infrastructure finance company with a net worth of over ₹50,000 crore (as on 31st March, 2022).
3. GAIL (India) Ltd
The last trading price of the stock is Rs 90 apiece with an intraday fall of 1.78%. As per the current market price of the stock, it has a dividend yield of 11.24%. The large cap Maharatna company has a market capitalisation of Rs 59,800 crore.
The stock has given maximum 17% return in last 3-years and declined maximum 24% in last 5-years.
GAIL (India) Limited is India's leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, E&P, etc.
4. Power Finance Corporation
The last trading price of the stock is Rs 142 apiece with an intraday decline of 1.76%.
The large cap company has a market capitalisation of Rs 37489 crore. The large cap company has a dividend yield of 8.46% at the current market price.
The stock has given maximum 27% return in last 3-years.
Incorporated on July 16th, 1986, Power Finance Corporation Ltd. is a Schedule-A Maharatna CPSE, and is a leading Non-Banking Financial Corporation in the Country. PFC's registered office is located at New Delhi and regional offices are located at Mumbai and Chennai.
Disclaimer
The stocks give details related to dividend yield. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
