Up To Rs 140/Share Dividends Paid In 12 Months; 12 High Dividend Paying Stocks Hit New 1-Year High On Nov 15

Indian markets recorded a robust rally on Wednesday driven by a bullish trend in global cues and a cooling in inflation rates in both domestic and in the US. During this day, a total of 12 stocks that pay high dividends were on an extraordinary roll by hitting new 52-week highs. Some of them like BSE, Coal India, MCX, Power Grid, Karur Vysya Bank, and Canara Bank have hit back-to-back new highs since Muhurat Trading 2023. Other stocks to join the bandwagon today were Angel One, HPCL, Bajaj Auto, ONGC, Indian Bank, and Union Bank of India.

These stocks have paid dividends in the range of Rs 2 per share to as high as Rs 140 per share in past 12 months.

The index Nifty Dividend Opportunities 50 rallied by 1.39% to end at 4,742.15. During trading hours, the index touched a new 52-week high of 4,746.20 as well.

Here's how much dividends they paid and how they performed on November 15th:

Angel One:

This stockbroker was the top gainer on the mentioned index. It touched a new 52-week high of Rs 3,090 apiece before ending up by 7.5% to Rs 3,025.

Angel One has declared 14 dividends since November 2020, as per Trendlyne data. In the past 12 months, the stock paid a whopping Rs 45.15 dividends per share. It has a dividend yield of 1.49% currently.

MCX:

The commodity's exchange has given impressive returns in the past few days. On Wednesday, the stock hit a new 52-week high of Rs 2,952.55 apiece during the trade and ended at Rs 150.45 apiece up by 7.20%.

MCX holds a track record of declaring 15 dividends since April 2012. In the past 12 months, it paid dividends to the tune of Rs 19.09 per share and currently has a 0.66% dividend yield.

HPCL:

HPCL shares ended at Rs 313.75 apiece, up by 3.5% near its new 52-week high of Rs 314.70 apiece that was clocked on November 15.

The oil market company has declared a total of 33 dividends since July 2000. Last year, it paid a dividend of Rs 14 apiece. In 2023, it has not paid any dividends yet.

Bajaj Auto:

The auto giant touched a new 52-week high of Rs 5,555 apiece, before ending at Rs 5,523.15 apiece which soared by 1.81%.

This two-wheeler and three-wheelers maker has declared 17 dividends since June 2008. It paid a huge amount of Rs 140 per share as dividend from its profits in the last 12 months. It has a dividend yield of 2.53%.

ONGC:

ONGC shares hit a new 52-week high of Rs 203.00 apiece, before ending at Rs 199.30, up by 1.79%.

This largest government-backed oil and gas explorer has been a dividend-paying stock for over two decades now. It has declared a total of a huge 56 dividends since August 2000. In the past 12 months, the company paid up to Rs 11.25 dividends per share. Currently, its dividend yield is at 5.64%.

Canara Bank:

This stock clocked a new 52-week high of Rs 411 apiece.

One of the leading PSU banks, Canara has declared about 19 dividends since July 2003. It paid a total of Rs 12 dividends per share in the last 12 months, and at present, the stock's dividend yield is at 2.95%.

Union Bank:

Union Bank witnessed a new 52-week high of Rs 116 apiece.

Yet another leading PSU lender, Union Bank has declared approximately 20 dividends since June 2003. While it paid a total dividend of Rs 3 per share in the past 12 months. Currently, it has a dividend yield of 2.66%.

Coal India:

Coal India extended its new 52-week high to Rs 359 apiece.

This coal-producing behemoth is among the largest dividend yield stocks in the PSU basket. It has declared 25 dividends since February 2011. In the past 12 months, the stock paid a dividend of Rs 9.25 per share and has a dividend yield of 2.64%.

Indian Bank:

During trading hours, Indian Bank touched a new 52-week high of Rs 463 apiece.

Indian Bank, also a PSU lender, has a long history of paying dividends to shareholders. Since June 2007, the bank has declared about 18 dividends. In the past 12 months, the stock paid a dividend of Rs 8.60 per share and holds a yield of 1.93%.

BSE:

BSE struck yet another new 52-week high of Rs 2,383 apiece.

The Sensex-benchmark exchange BSE has declared 10 dividends since February 2017. In the past 12 months, it paid a dividend of Rs 12 per share. Currently, it holds a dividend yield of 0.52%.

Karur Vysya Bank:

Karur Vysya Bank clocked a new 52-week high of Rs 160.80 apiece.

Since June 2002, Karur Vysya Bank has declared a total dividend of 22. In the past 12 months, the bank paid up to Rs 2 dividends per share. At present, its dividend yield is at 1.27%.

Power Grid:

The power stock touched a new 52-week high of Rs 215 apiece.

This power company declared about 37 dividends since 2008. In the past 12 months, the stock paid a dividend of Rs 9.75 per share. Currently, it has a dividend yield of 3.48%.