PSU Banks with a high dividend yield is the best place to park your money right now. The high dividend yield provides downside protection and if the interest rates ease, these stocks will show great capital appreciation
Below is the performance sheet of “PSU Banks with High Dividend Yield – Worth Investing” provided by Fairwealth Institutional Research
| Bank | LTP as on 05July, 2012 (Rs) | Prices as onreport released(Rs) | Dividend perShare for FY12(Rs) | Ex-DividendDate | Return %(IncludingDividend) | Return %(ExcludingDividend) |
| Corporation Bank | 431 | 409 | 21 | 15-Jun-12 | 10% | 5% |
| Bank of Baroda | 733 | 679 | 17 | 14-Jun-12 | 10% | 8% |
| Canara Bank | 431 | 397 | 11 | 14-Jun-12 | 11% | 9% |
| Uco Bank | 83 | 70 | 3 | 15-Jun-12 | 22% | 18% |
| Union Bank | 213 | 192 | 8 | 21-Jun-12 | 15% | 11% |
| Dena Bank | 102 | 93 | 3 | 21-Jun-12 | 13% | 9% |
| Syndicate Bank | 110 | 92 | 4 | 11-Jul-12 | 24% | 20% |
| Andhra Bank | 119 | 108 | 6 | 27-Jun-12 | 16% | 11% |
| Indian Overseas Bank | 87 | 82 | 5 | 21-Jun-12 | 12% | 6% |
| Vijaya Bank | 61 | 55 | 3 | 22-Jun-12 | 14% | 10% |
| Punjab National Bank | 846 | 740 | 22 | 14-Jun-12 | 17% | 14% |
| Average Return | 15% | 11% |
PSU Bank Stocks With High Dividend
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