In today’s unpredictable market, many investors are looking for stability and income. Large-cap stocks, known for their reliable performance and attractive dividend yields, are particularly appealing. They can provide a strong foundation for long-term growth, especially in trying times. Let’s explore some of the top large-cap stocks that offer dividend yields of up to 12%.
Top Large-Cap Stocks with High Dividend Yields
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Vedanta Limited
Vedanta Limited, with a market cap of around ₹1.49 lakh crore, is a major player in India’s mining sector. The shares closed at ₹380.30, an increase of 2.65% from the previous day. Investors can expect a dividend yield of 11.7%. The company’s strong return on equity (ROE) stands at 10.5%, showcasing its ability to generate profits from its assets. -
Indian Oil Corporation Limited
As India’s largest integrated oil and gas company, Indian Oil boasts a market cap of ₹1.86 lakh crore. It closed at ₹131.80, slightly up from ₹131.55. The dividend yield here is 9.12%, and it has a solid ROE of 25.7%. This robustness indicates a well-managed company with a substantial market presence. -
Bharat Petroleum Corporation Limited
Bharat Petroleum has a market cap of ₹1.27 lakh crore, with shares closing at ₹293.05, up by 1.81%. It offers a dividend yield of 7.29% and an impressive ROE of 41.9%. Established in 1976, it plays a vital role in India’s energy landscape, operating essential refineries across the nation. -
Hindustan Zinc Limited
With a market cap of ₹1.75 lakh crore, Hindustan Zinc closed at ₹413.60, rising by 3.25%. It offers a dividend yield of 7.24% and boasts an extraordinary ROE of 55.2%. The company is renowned for its leading position in zinc production, holding a significant market share. -
Coal India Limited
Operating as the world’s largest coal producer, Coal India has a market cap of ₹2.42 lakh crore. Shares are priced at ₹392, up by 4.62%. The dividend yield is 6.81%, with a strong ROE of 52%. This company is essential for the power and steel industries in India. -
Oil and Natural Gas Corporation Limited
ONGC, with a market cap of ₹2.9 lakh crore, closed at ₹230.35, an increase of 3.67%. It offers a dividend yield of 5.52% and an ROE of 16.3%. As India’s largest producer of crude oil and natural gas, it plays a crucial role in meeting the country’s energy needs. -
REC Limited
Formerly known as the Rural Electrification Corporation, REC Limited has a market cap of ₹1.06 lakh crore. The shares closed at ₹401.80, which is up 3.17%. It offers a dividend yield of 4.11% and an ROE of 22.2%. As a major player in financing energy projects, REC directly supports India’s growth in the power sector. -
HCL Technologies Limited
HCL Technologies, a major IT service provider, boasts a market cap of ₹3.78 lakh crore. Its shares closed at ₹1,394.80, up by 1.04%. With a dividend yield of 3.91% and an ROE of 23.3%, HCL is a strong contender in the tech space, catering to a global market. -
GAIL (India) Limited
With a market cap of ₹1.13 lakh crore, GAIL closed at ₹171.75, up 1.75%. Its dividend yield stands at 3.85%, with an ROE of 14%. It operates an extensive pipeline network across India, making it a leader in the natural gas sector. - Power Grid Corporation of India Limited
This company, with a market cap of ₹2.83 lakh crore, closed at ₹304.20, an increase of 3.72%. The dividend yield here is 3.83% with an ROE of 19%. As a major player in power transmission, Power Grid manages over half of India’s electricity supply network.
Insights and Trends
Investors are increasingly using social media platforms like Twitter and Reddit to discuss their stock choices and share insights. Recent surveys reflecting investor sentiment show a growing interest in stocks that provide both stability and income. According to a 2023 report by Morningstar, dividend-paying stocks have outperformed non-dividend stocks in the long run, attracting attention from both seasoned and new investors.
As always, before making any investment decision, it’s vital to assess your financial situation, understand the risks involved, and consider consulting with a financial advisor.
For more detailed information on these companies, you can check out their latest reports at Moneycontrol and Economic Times.
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