Investing in stocks isn't just about capital gains – smart investors also seek regular income through dividends. If you're looking to add strong dividend-paying stocks to your portfolio, here are four promising candidates that combine stable fundamentals with attractive yields. Let's dive into the details:
Dividend Yield: 5.02%
Current Market Price (CMP): ₹244
Book Value: ₹273
ONGC is a government-owned energy giant and one of India’s top dividend payers. Despite its CMP trading below book value, the company continues to generate healthy cash flows, making it a reliable dividend source. The undervaluation adds an extra margin of safety for long-term investors.
Dividend Yield: 3.73%
CMP: ₹107
Book Value: ₹116
Among public sector banks, Canara Bank stands out with a consistent dividend payout and improving fundamentals. It’s trading below book value, offering not just yield but also potential for capital appreciation. With improving asset quality and profitability, it’s worth considering.
Dividend Yield: 9.89%
Vedanta has long been a dividend powerhouse, driven by its robust earnings from metals, mining, and oil. A nearly 10% yield makes it highly attractive for income investors. However, keep an eye on the company’s debt levels and restructuring plans.
Dividend Yield: 6.35%
Coal India is another PSU favorite among dividend investors. It maintains a strong dividend payout history, and with India’s rising power demand, coal remains in focus. A 6.35% yield makes it an ideal pick for conservative portfolios seeking steady income.
High dividend yield stocks not only reward you with passive income but also reflect companies with strong cash flows. Always consider the quality of earnings, payout sustainability, and valuation metrics before investing.
📢 Milkar seekhenge, milkar kamainge!
📌 Disclaimer:
This blog is for educational purposes only and does not constitute investment advice. Dividend yields and stock prices are subject to market risks and may change over time. Please consult a SEBI-registered financial advisor before making any investment decisions.Investment in securities markets is subject to market risks. Read all the related documents carefully before investing. The stocks quoted are for educational and informational purposes only, not a recommendation to buy or sell