HIGHEST DIVIDEND-YIELD PSU SHARES:COAL INDIA,ONGC,OIL INDIA,POWER GRID,GAIL

The following are the top 5 highest dividend-yielding PSU shares as of June 19, 2023, according to a report by Axis Securities:

  • Coal India: 10%
  • REC: 10%
  • ONGC: 8%
  • Oil India: 8%
  • Power Grid: 7%

Coal India

Coal India is the world’s largest coal producer. The company has a market capitalization of over Rs. 2 trillion. Coal India has been paying dividends for over 50 years. The company’s dividend yield has been in the range of 8-10% for the past few years.

REC

REC is a leading power transmission company in India. The company has a market capitalization of over Rs. 1 trillion. REC has been paying dividends for over 20 years. The company’s dividend yield has been in the range of 8-10% for the past few years.

ONGC

ONGC is India’s largest oil and gas producer. The company has a market capitalization of over Rs. 3 trillion. ONGC has been paying dividends for over 50 years. The company’s dividend yield has been in the range of 6-8% for the past few years.

Oil India

Oil India is a leading oil and gas exploration and production company in India. The company has a market capitalization of over Rs. 1 trillion. Oil India has been paying dividends for over 50 years. The company’s dividend yield has been in the range of 6-8% for the past few years.

Power Grid

Power Grid is a leading power transmission company in India. The company has a market capitalization of over Rs. 2 trillion. Power Grid has been paying dividends for over 20 years. The company’s dividend yield has been in the range of 5-7% for the past few years.

News related to these shares

Here are some news related to the top 5 highest dividend-yielding PSU shares:

  • Coal India: The company has announced a dividend of Rs. 24.25 per share for the financial year 2022-23. This is a dividend yield of 10%.
  • REC: The company has announced a dividend of Rs. 4 per share for the financial year 2022-23. This is a dividend yield of 10%.
  • ONGC: The company has announced a dividend of Rs. 11.25 per share for the financial year 2022-23. This is a dividend yield of 8%.
  • Oil India: The company has announced a dividend of Rs. 8.75 per share for the financial year 2022-23. This is a dividend yield of 8%.
  • Power Grid: The company has announced a dividend of Rs. 3 per share for the financial year 2022-23. This is a dividend yield of 7%.

Conclusion

The top 5 highest dividend-yielding PSU shares are all from the power and energy sector. These shares are all good options for investors who are looking for income-generating stocks. However, it is important to note that dividend yields can change over time, so it is always important to check the latest information before investing.

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