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Dividends continue to have strong significance for investors when they think of investing in stocks. Investors consider it as a key source of income from their investment.
Investors like to invest in PSU stocks in India as a good number of them announce and pay attractive dividends. Below are 4 PSU stocks that announced hefty dividends in 2023:
1. Coal India Ltd: The PSU stock declared its second interim dividend for the FY 2022-23 @ Rs. 5.25 per share of the face value of Rs 10/-. The ex-date was February 8, 2023. Last trading price of the stock is Rs 221.70 apiece. Its 52-week high is Rs 263.30 apiece and 52-week low price is Rs 164.75 apiece, respectively. The company’s market capitalisation is Rs 1,36,627.69 crore. The stock offers a dividend yield of 7.67%. The large cap company operates in Mining sector. The stock gave 14% return in last 1-year and 70% return in last 2-years.
2. Power Finance Corporation: Last trading price of the PSU stock is Rs 157.45 apiece. Its 52-week high price is Rs 170.55 apiece and 52-week low price is Rs 97.15 apiece, respectively. Its market capitalisation is Rs 41,568.09 crore. The stock gave return of 29% in last 1-year and 37%% in last 2-years. The large cap stock operates in Term Lending Institutions sector. It declared its interim dividend of Rs 3.5 per share on February 13, 2023 with ex-date as 24 February, 2023. It has a dividend yield of 7.63%.
3. NTPC Ltd: Last trading price of the PSU stock is Rs 175.10 apiece. Its 52-week high price is Rs 182.80 apiece and 52-week low price is Rs 135.00 apiece, respectively. Its market capitalisation is Rs 1,69,788.62 crore. It gave return of 14% in last 1-year and 65% in last 2-years. It declared its Rs 4.25 per share interim dividend on January 18, 2023 with ex-date as February 3, 2023. The company has a dividend yield of 4%.
4. REC Ltd: Last trading price of REC is Rs 118.70 apiece on BSE. The stock’s 52-week high price is Rs 128.40 apiece and 52-week low price is Rs 82.28 apiece, respectively. The PSU stock’s market capitalisation is Rs 31,256.37 crore. It gave 18% return in last 1-year and 19% return in last 2-years. It has a dividend yield of 12.88%. It declared its interim dividend of Rs 3.25 per share on January 30, 2023 with ex-date as February 9, 2023.
Disclaimer: These PSU stocks maintain high dividend yield. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision
