High Dividend Yield Stocks: Beat bank FDs with high dividend yield stocks in September 2022.
John D. Rockefeller, an American business magnate and philanthropist, says, “Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.”
Here are some high dividend yield stocks:
Vedanta:
Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, India, with its main operations in iron ore, gold and aluminium mines.
In FY23, the company announced a total dividend of Rs.51.00 per share, so far. The dividend yield at the current market price of Rs.270.25 is 18.87%. In FY22, the company has given a dividend of Rs.45.00 per share.
The shares of Vedanta closed at Rs.270.25 apiece on 12.09.2022, up 1.39% from the previous close of Rs.266.55 per share. The shares of the company have fallen 23.57% in the year 2022 so far.
NMDC Limited:
NMDC Limited is a government-owned mineral producer.
NMDC has announced a dividend of Rs.22.50 per share for the fiscal year ending in March 2022. This yields a dividend of 17.71% at the current share price of Rs.127.00. The shares of the company have fallen 6.13% in the year 2022 so far.
REC Limited:
REC Limited is a public Infrastructure Finance Company in India’s power sector. The company is a Public Sector Undertaking.
The dividend yield of the company is 10.82% on the current market price of Rs.106.10. The stock has gained 4.59% in the year 2022 until today.
Standard Industry:
Standard Industry has announced a dividend of Rs.2.50 in the current fiscal year so far. The dividend yield at the current market price of Rs.24.00 is 10.41%. Shares of the company closed at Rs.24.00 today, down 1.44% from the previous close of Rs.24.35. The stock has gained 51.42% in the year 2022 so far.
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