Vedanta, Hindustan Zinc, Coal India among top 5 large-cap dividend yield stocks during last one year

Dividend Stocks: Vedanta, Hindustan Zinc, Coal India, Oil and Natural Gas Corporation Ltd (ONGC) and Bharat Petroleum Corporation Ltd (BPCL) are the five large-cap stocks with the highest dividend yields over the last one year, according to Axis Securities.

Significance of Dividend Yield

A financial statistic called the dividend yield illustrates how much a business distributes in dividends annually in relation to the price of its stock. A dividend yield of three to five percent or higher is regarded as good.

But the state of the market also plays a role. One of the key elements that investors take into account when purchasing dividend-paying equities is the dividend yield. 

Top large-cap dividend stocks

According to a report by Axis Securities, these are the top five large-cap stocks with the highest dividend yields in the last one-year period. Take a look:

1. Vedanta with a dividend yield of 12% leads the table of large-cap stocks with the highest dividend yield. The total dividend declared for FY 2024-25 currently stands at ₹43.5/- per equity share on the face value of ₹1/- per equity share.

On December 16, 2024, the company declared its fourth interim dividend of ₹8.50 per equity share for FY 2024–25, based on a face value of ₹1 per share. The record date for this dividend was December 12, 2024. Earlier, the company had declared an interim dividend of ₹20.00 per share with a record date of September 10, 2024. In August 2024, it paid an interim dividend of ₹4.00 per share. Prior to that, it also paid an interim dividend of ₹11.00 per share, with a record date of May 25, 2024.

2. Hindustan Zinc, a subsidiary of Vedanta, has rewarded investors with a dividend yield of 7%. The dividend paid by Hindustan Zinc during the past 12 months stands at ₹29.

3. Coal India's dividend yield of 7% is comparable to Hindustan Zinc's. Coal India has paid a dividend of ₹26.35 during the last 12 months.

4. Oil and Natural Gas Corporation (ONGC) is also not far behind, having a dividend yield of 6%. Oil and Natural Gas Corporation (ONGC) has paid a dividend of ₹13.5 per equity share during the last 12 months.

5. Bharat Petroleum Corporation (BPCL) has given a dividend yield of 6% during the last 12 months. Bharat Petroleum Corporation (BPCL) has paid a dividend of ₹15.5 per equity share during the last 12 months.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions