Top 5 PSU Stocks with Highest Dividend Yields | Dividend stocks and investing
Hi everyone! Today, we're going to talk about the top 5 PSU (Public Sector Undertaking) stocks with the highest dividend yields as of 2023. Dividend yield represents the ratio of the annual dividend paid by a company to its share price. Many investors specifically invest in stocks for dividends as it serves as a source of passive income.
If you prefer investing in high dividend-paying stocks, make sure to watch the video till the end because we'll be announcing the highest dividend-paying stock last. Also, subscribe to the channel for more updates if you haven't already.
Company: Petronet LNG
Dividend Yield: 4.5%
Starting with the first stock on the list, it's Petronet LNG, operating in the oil and gas sector. This company is offering shareholders a dividend yield of 4.5%, making its dividends quite attractive.
Company: Power Grid Corporation of India
Dividend Yield: 4.5%
The second stock is quite promising as well, which is Power Grid Corporation of India. It operates in the power sector and offers a decent dividend yield of 4.5%.
Company: Oil India
Dividend Yield: 5.4%
We've all heard about the third company, Oil India, operating in the oil and gas sector. Its dividend yield is also quite lucrative for investors at 5.4%.
Company: Oil and Natural Gas Corporation
Dividend Yield: 5.5%
Another stock in the PSU sector is Oil and Natural Gas Corporation, providing returns to its shareholders at a dividend yield of 5.5%.
Company: Coal India
Dividend Yield: 6.4%
No surprises here for the highest dividend-paying PSU stock - Coal India, operating in the mining sector. The company has been providing a 6.4% dividend to its shareholders.
So, folks, these are some PSU stocks that are quite strong in terms of dividend yield. Remember, every investment carries some risk, and it's advisable to conduct your own research before investing.
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