NEW DELHI: At a time when the market has turned volatile, companies with strong track records of doling out dividends to investors can be good investment bets.
For FY20 so far, analysts are expecting Nifty50 companies to deliver an aggregate dividend yield of 2.2 per cent.
The highest yield is expected from the energy sector at 5.3 per cent and lowest from the pharma basket at 0.75 per cent.
There are many cash-rich companies which have a history of declaring dividends generously.
Six out of 50 Nifty companies are likely to deliver dividend yields in excess of 5 per cent.
They include Coal India, Indiabulls Housing Finance, Vedanta, ONGC, IOC and HPCL.
NAMEFY20e YIELD (%)Coal India +9.3Indiabulls HFL +7.3Vedanta+6.7ONGC+6.1IOC+5.7HPCL+5.3For the Nifty Midcap Index, analysts expect a dividend yield of 1.8 per cent for FY20.
Even in this space, the highest yield is expected from the energy basket at 2.95 per cent and the lowest from the communications stocks at 0.64 per cent.
The outperformers in the midcap index are likely to deliver over 5 per cent yield and they could potentially be Nalco, Graphite India, HEG and PFC.
NAMEFY20e YIELD (%)Nalco+10.1Graphite India+8.3HEG+8PFC+7
Stock Market
Sureshot returns! Where you can expect biggest dividends in FY20
Download Android App Share in FullScreen CheckVideos
Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021 |
Buy Our Merchandise (Peace Series)
- Details
- Category: Stock Market
21