10 best performing Dividend Yield stocks to lookout for investment

‘’We have filtered the list of top dividend-paying companies based on their fundamental strength and selected 10 stocks. Investors, interested in dividend income, can consider these stocks for investment,” stated Religare Broking in a report.

The highest dividend-paying company on the list is Coal India, with a yield of 5.6%; 360 One WAM is next, with a yield of 4.8%. According to the brokerage, Coal India’s dividend per share (DPS) was ₹17 in FY22 and ₹24.3 in FY23.

10 best-performing dividend-yield stocks in the market

1.Coal India: The coal miner offered a 5.6% dividend yield at a current market price (CMP) of ₹461.45, with FY22 DPS of ₹17 and FY23 DPS of ₹24.3.

2.360 One WAM: The company offered a 4.8% dividend yield at a CMP of ₹695.10, with FY22 DPS of ₹55 and FY23 DPS of ₹34.5.

3.GSFC: The company offered a 4.6% dividend yield at a CMP of ₹212.45, with FY22 DPS of ₹2.5 and FY23 DPS of ₹10.

4.Gujarat Narmada Valley Fertilizers & Chemicals Ltd: With FY22 DPS at ₹10 and FY23 DPS at ₹29.5, the chemical major provided a 4.6% dividend yield at a CMP of ₹620.15.

5.Oil & Natural Gas Corporation (ONGC):

The oil company offered a 4.3% dividend yield at a CMP of ₹280.25, with FY22 DPS at ₹10.5 and FY23 DPS at ₹11.3.

6.Tech Mahindra:

With FY22 DPS at ₹45 and FY23 DPS at ₹50, the shares offered a 3.9% dividend yield at a CMP of ₹1,271.40.

7.PTC India:

The company offered a 3.9% dividend yield at a CMP of ₹192.10, with FY22 DPS of ₹7.8 and FY23 DPS of ₹7.8.

8.ITC:

With FY22 DPS at ₹11.5 and FY23 DPS at ₹15.5, the FMCG major offered a dividend yield of 3.8 percent at a CMP of ₹407.70.

9.Power Grid Corporation:

The PSU provided a 3.8% dividend yield at a CMP of ₹294.05, with FY22 DPS of ₹14.8 and FY23 DPS of ₹10.7. 10.Oil India:

With FY22 DPS at ₹14.3 and FY23 DPS at ₹20, the oil exploration offered a 3.7% dividend yield at a CMP of ₹633.60