According to a report by Axis Securities, the top 15 large-cap stocks that have produced the highest dividend yield over the past 12 months are Bharat Petroleum Corporation (BPCL), Vedanta, Coal India, Hindustan Zinc, Indian Oil Corporation, Oil and Natural Gas Corporation (ONGC), Power Grid Corporation of India, GAIL India, ITC, HCL Technologies, Hero MotoCorp, Infosys, Tech Mahindra, Tata Steel, and Hindustan Unilever.
A financial statistic called the dividend yield illustrates how much a business distributes in dividends annually about the price of its stock. A decent dividend yield is defined as three to five per cent or higher. But it also relies on the state of the market. One of the key considerations for investors when purchasing dividend-paying stocks is dividend yield. It serves as a gauge for potential returns on investment for shareholders.
Among the top 15 large-cap stocks, Bharat Petroleum Corporation Ltd. (BPCL) is ranked first with an 11% dividend yield for the past 12 months.
The top large-cap dividend-yielding equities include BPCL, Vedanta, and Coal India, both of which have had dividend yields of 10% during the past 12 months.
Fourth place went to Hindustan Zinc Ltd, which had a 7% dividend yield over the previous 12 months.
State-owned oil and gas businesses Indian Oil Corporation and Oil and Natural Gas Corporation rank sixth and seventh on the list, respectively, with a 5% dividend yield for the previous 12 months.
Over the past 12 months, Power Grid Corporation of India Ltd. has produced a dividend yield of 4%.
With 3% dividend yields during the previous 12 months, GAIL India Ltd, ITC Ltd, HCL Technologies Ltd, Hero MotoCorp Ltd, Infosys Ltd, Tech Mahindra Ltd, and Tata Steel Ltd are all included in the top 15 large-cap companies with the highest dividend yields.
In terms of large-cap dividend-paying stocks, Hindustan Unilever ranks 15th with a 2% dividend yield.
