If you are looking for value buys in the market at the moment, you may consider these relatively high dividend paying PSU stocks as potential opportunities to increase the return. According to a list of the highest dividend-yielding PSU shares compiled by Religare Broking, Coal India, Oil India, and PTC India shares were among the top dividend-paying PSU scrips, with yields of 8.2%, 6.7% and 5.9%, respectively. National Aluminium Company and NMDC were ranked at the bottom of the list with a 4.6% and 4.5% dividend yield, respectively.
Here’s a look at the top dividend-yielding PSUs:
Company NameSectorCMPP/E(x)DPS (FY23)DPS (FY22)Div Yield (%)Coal IndiaMining2958.924.3178.2Oil IndiaOil & Gas29942014.36.7PTC IndiaPower1336.87.87.85.9Oil & Natural Gas CorporationOil & Gas1924.911.310.55.9Gujrat State Fert & ChemChemicals1733.7102.55.8Power Grid Corporation of IndiaPower20010.310.714.85.3Chennai Petroleum CorporationOil & Gas51012725.3GNFCChemicals6125.430104.9National Aluminum CompanyMetals979.34.56.54.6NMDCMining1485.96.614.74.5Source: Religare Broking
The list was dominated by companies from the Oil and gas Sector. Oil India, Oil & Natural Gas Corporation and Chennai Petroleum Corporation were the 3 companies out of 10 to make it to the list, with dividend yields of 6.7%, 5.9% and 5.3% respectively.