Best Dividend Paying Stocks Will Make You Tons Of Cash. Here's How!

Dividend

  • A dividend is the distribution of profits earned by the company to eligible shareholders.
  • Dividend payments and amounts are completely determined by a company's board of directors.
  • Dividends are payments made by publicly listed companies as a reward to investors for putting their money into the venture and helping it to grow.
Best Dividend Paying Stocks
Before knowing the company's which pay dividends let us understand the following ratios related to dividends

Dividend per share (DPS)

It is the sum of declared dividends issued by a company for every ordinary share outstanding. 
DPS is calculated by dividing the total dividends paid out by a company, including interim dividends, special dividends, over a period of time, usually a year, by the number of outstanding ordinary shares issued. 
Dividend Per Share
Now, Will see some fundamentally good stocks that are paying best dividends.

Indian Oil Corporation

Indian Oil Corporation Limited (IOCL), IndianOil, is an Indian government corporation. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India headquartered in New Delhi. The government corporation is ranked 212th on the Fortune Global 500 list of the world's biggest corporations as of 2021. It is the largest government owned oil corporation in the country, with a net profit of $6.1 billion for the financial year 2020-21. As of 31 March 2021, Indian Oil's employee strength is 31,648, out of which 17,762 are executives and 13,876 non-executives. Also, total 2,775 women employees comprising 8.77% of the total workforce.
Source: wikipedia

Indian Oil Corporation Ltd. has declared 33 dividends since Aug. 27, 2001.
In the past 12 months, Indian Oil Corporation Ltd. has declared an equity dividend amounting to Rs 12.00 per share.

At the current share price of Rs 113.05, this results in a dividend yield of 10.61%.   

Bharat Petroleum Corporation Limited (BPCL)

Bharat Petroleum Corporation Limited (BPCL) is an Indian government-owned oil and gas corporation. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India, headquartered in Mumbai, Maharashtra. It operates two large refineries in Kochi and Mumbai. India's second-largest downstream government owned oil corporation, it was ranked 309th on the 2020 Fortune list of the world's biggest corporations, and 792nd on Forbes's 2021 "Global 2000" list.
Source: wikipedia

For the year ending March 2021 Bharat Petroleum Corporation has declared an equity dividend of 790.00% amounting to Rs 79 per share. 

At the current share price of Rs 489.45 this results in a dividend yield of 16.14%.

BPCL has a good dividend track report and has consistently declared dividends for the last 5 years.

Coal India Limited (CIL)

Coal India Limited (CIL) is an Indian government-owned coal mining and refining corporation. It is under the ownership of Ministry of Coal, Government of India headquartered in Kolkata, West Bengal, India. It is the largest coal-producing company in the world and a Maharatna public sector undertaking. It is also the fifth largest employer in India with nearly 272,000 employees.
Source: wikipedia

For the year ending March 2021 Coal India has declared an equity dividend of 160.00% amounting to Rs 16 per share. 

At the current share price of Rs 148.40 this results in a dividend yield of 10.78%.

CIL has a good dividend track report and has consistently declared dividends for the last 5 years.

Hindustan Petroleum Corporation Ltd (HPCL)

Hindustan Petroleum Corporation Limited (HPCL) is a subsidiary of Oil and Natural Gas Corporation with its headquarters in Mumbai, Maharashtra. It has a 25% market-share in India among public sector undertakings (PSUs) coupled with a strong marketing infrastructure. Its parent company is ONGC which owns a majority stake in the company. The company is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016. HPCL was removed from NIFTY 50 INDEX in March 2019 On 24 October 2019, the company became a Maharatna PSU.
Source: wikipedia

For the year ending March 2021 Hindustan Petroleum Corporation has declared an equity dividend of 227.50% amounting to Rs 22.75 per share. 

At the current share price of Rs 269.05 this results in a dividend yield of 8.46%.


HPCL has a good dividend track report and has consistently declared dividends for the last 5 years.

There are many more companies which provides good Dividends and these Dividend yield is far more better than Bank FIXED DEPOSITS (presently it is at around 5.5%).
So, Choose your investment wisely to get good returns on your investments.

Disclaimer: This article is for educational purpose only and does not provide any buy or sell recommendation.

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