Coal India, ONGC, and REC shares were among the top dividend-paying PSU scrips in the last one year, with yields of 10%, 8%, and 8%, respectively, according to a list of highest dividend-yielding PSU shares compiled by Axis Securities. Indian Railway Finance Corporation and Bank of Maharashtra were ranked at the bottom of the list with a 4% dividend yield for both.
Here’s a look at the highest dividend payouts and dividend-yielding PSUs:
Company NameCMPDividend (Past 12 Months)Dividend Yield (Last 12 Months)Coal IndiaRs 232Rs 23.2510%ONGCRs 167Rs 148%RECRs 161Rs 12.68%Oil IndiaRs 255Rs 19.58%Balmer Lawrie InvestmentRs 414Rs 307%Power Finance CorporationRs 224Rs 13.256%Housing & Urban Development CorporationRs 60Rs 3.56%National Aluminium CompanyRs 93Rs 55%Power Grid Corporation of IndiaRs 241Rs 12.255%Balmer Lawrie & CompanyRs 136Rs 6.55%Hindustan Petroleum CorporationRs 293Rs 145%GAIL (India)Rs 109Rs 55%RitesRs 399Rs 185%Indian Railway Finance CorporationRs 33Rs 1.434%Bank of MaharashtraRs 31Rs 1.34%
The list was dominated by companies from the Financial sector. REC, Balmer Lawrie Investment, Power Finance Corporation, Housing & Urban Development Corporation, Indian Railway Finance Corporation, and Bank of Maharashtra were the 6 companies out of 15 to make it to the list, with dividend yields of 8%, 7%, 6%, 6%, 4%, and 4%, respectively.