Coal India, Ongc to Bank of Baroda: These 15 PSU shares have the highest dividend yields - do you own any?

Dividend -paying shares: Public Sector (PSUs) businesses have long been favored for their consistent and attractive dividend payouts, offering investors a stable source of income. In recent years, many of these businesses have gone beyond being just reliable dividend games – they have also occurred as strong wealth creators, offering investors benefits. The BSE PSU index has risen almost 250% over the past five years, powered by a rally in its voters on the back of better execution, improving finance and government reforms. The dividend payouts by these PSU shares sometimes have a higher return than offered by various government schemes and bankproof deposits (FDs). What’s better? Most of these shares are priced below £ 400, making them a profitable bet for retail investors. What is a dividend yield? Dividend yield reflects the annual dividend income that a shareholder receives as a percentage of the current market price of the share. This is an important metric for investors focused on earning a regular income from their investment. Although a higher dividend yield may indicate greater income, this does not necessarily reflect the financial health or long -term stability of a business. Typically, a dividend yield of 5% or more is considered attractive, but it should always be evaluated in the context of the company’s fundamentals. High dividend-paying PSU stocks According to a study by Axis Securities, most of the highest dividend-paying PSU shares to the financial sector, oil and gas and metal and mining and mining. Coal Major Coal India and NMDC have the highest dividend yields of 7% each. In terms of total dividend, Coal India paid a dividend of £ 26.9 per share, while NMDC paid a £ 4.8 per share dividend. Company Name Business Dividend (Last 12 MA, £) Dividend Yield (%) Coal India Limited Metals & Mining 26.9 7% NMDC Ltd Metals & Mining 4.8 7% Oil and Natural Gas Corporation Ltd Oil & Gas 13.5 6% National Aluminum Co. Ltd. Metals & Mining 10 5% REC Limites 19.1 5% Power Finance Corporation Ltd Financial. Oil & Gas 7.5 4% Balmer Lawrie & Co. Ltd. Other 8.5 4% Rites Limited Industrials 10 4% Canara Bank Financials 4 4% Bank of India Financials 4.1 3% Union Bank of India Financials 4.8 3% Bank of Baroda Financials 8.4 3% Housing & Urban Development Corporation Ltd Financiales 6.9 3% Bharat Petrolololeum LTD LTD LTD LTD LTD LTD Corporation (ONGC), with a dividend yield of 6% and a £ 13.5 dividend payout in the past 12 months. Nalco, REC Limited and Power Finance Corporation are next on the list of the highest dividend-paying PSU shares, with a dividend yield of 5% each. These companies paid a dividend of £ 10, £ 19.1 and £ 19.5 respectively. Gail (India), Balmer Lawrie & Co. and Rites offer a dividend yield of 4% each. They are drawn by various PSU bank shares, including Canara Bank, Bank of India, Union Bank of India and Bank of Baroda (Bob). These shares offered dividends between £ 4 to £ 8.4, with a 4% dividend yield for Canara Bank and 3% for the rest of the bank shares. Finally, on the list is BPCL and Hudco. Oil PSU BPCL delivered a £ 10 dividend, with a return of 3%. Meanwhile, Hudco gave a £ 8.4 dividend, also a 3%return. Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or brokerage firms, not coin. We advise investors to consult with certified experts before making investment decisions, as market conditions can change quickly and conditions can vary.