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News Topical, Digital Desk : For long-term investors, dividend income is as important as the growth of the stock. Investors who have invested at lower levels in a stock that has a history of paying dividends tend to stay in it for a long time as it gives them a steady income. There are many government companies that are very high in paying dividends, some of which give dividend income that rivals the returns of fixed deposits. Take a look at the companies whose dividend yield has been 5% or more.
Coal India,
a government-owned coal producing company, is known for giving good dividends to its shareholders. The company has given a dividend of Rs 26.9 to shareholders in the last 12 months, which makes its dividend yield 7%. NMDC company has given a dividend of 4.8 to its investors in the last one year. At this level, the dividend yield for NMDC investors is 7%. ONGC Oil and Natural Gas Corporation has given a dividend of Rs 13.5 per share to shareholders in the last 12 months. On this basis, the dividend yield in the stock for investors is 6%. The dividend yield of Nalco National Aluminum Company Limited has also been quite good. The company has earned dividend at the rate of 5 percent in a year. The company has given a dividend of Rs 10 per share to the shareholders. REC This PSU of the power sector has given a dividend of Rs 19.1 per share to its shareholders in the last 12 months. The dividend yield of the stock is 5%. However, this stock has fallen 25% so far this year. PFC Power Finance Corporation also has a dividend yield of 5%. The company has given a dividend of Rs 19.5 per share to shareholders in the last 12 months.
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