Best High Dividend Yield Blue Chip Stocks

GEPL Capital has compiled a list of the best high dividend yielding stocks with a consistent dividend paying track record. The list has blue chips like Oil India, Balmer Lawrie and PSU banks like IDBI Bank which offer safety of capital along with high dividend yield

In times of uncertainty, blue chip stocks with high dividend yield are the best stocks to buy. These stocks offer downside protection (owing to the high dividend yield). There is also a chance of capital appreciation as and when the economy improves. GEPL Capital has made sure that the stocks in their list have a consistent record of paying dividends. They have included blue chip stocks like Oil India, IDBI Bank, Balmer Lawrie, Andhra Bank etc in the list. You can read more about blue chip stocks and about high dividend yield stocks.

	Company Name	Sector	CMP (Rs.)	Dividend Yield (%)	Dividend Per Share (Rs.)
1	Shree Gan.Jew.	Jewellery	26.90	10.05	3.00
2	Akzo Nobel	Paints	825.35	9.69	80.00
3	Manappuram Fin.	Finance	15.90	9.43	1.50
4	Indiabulls Hous.	Finance	243.70	7.69	20.00
5	Andhra Bank	Banks	63.15	7.51	5.00
6	Dena Bank	Banks	63.25	7.43	4.70
7	Syndicate Bank	Banks	95.10	7.05	6.70
8	Corporation Bank	Banks	262.75	6.60	19.00
9	United Bank (I)	Banks	32.25	6.51	2.10
10	Vijaya Bank	Banks	39.05	6.40	2.50
11	Oil India	Oil	484.30	6.19	30.00
12	Union Bank (I)	Banks	130.15	6.15	8.00
13	NIIT	Computer Ed	27.10	5.90	1.60
14	Vikas Wsp	FMCG	17.00	5.88	1.00
15	Allahabad Bank	Banks	94.75	5.81	6.00
16	Indian Bank	Banks	113.60	5.81	6.60
17	Max India	Packaging	210.80	5.77	12.20
18	Pun. & Sind Bank	Banks	43.95	5.63	2.68
19	BGR Energy Sys.	Infrastructure	126.20	5.55	7.00
20	IDBI Bank	Banks	65.90	5.31	3.50
21	Multi Comm. Exc.	Miscellaneous	451.95	5.31	24.00
22	Deepak Fert.	Fertilizers	103.90	5.29	5.50
23	Gateway Distr.	Logistics	135.25	5.17	7.00
24	G N F C	Fertilizers	69.65	5.03	3.50
25	Balmer Lawrie	Diversified	310.75	5.03	17.60
26	St Bk of Bikaner	Banks	320.95	5.02	16.10