4 Stocks That Can Give You Dividend Yield Of Up To 18.43%

For investors in the equity markets, one of the easiest ways to earn profits is by getting dividends on shares with good fundamentals. That way, the investors can keep the share's profit and the dividends.

Many listed companies declare huge dividends, but the investors can not easily trust the company. Here is the list of companies trusted by many investors with the highest dividend yield.

NMDC Ltd

National Mineral Development Corporation (NMDC) Ltd is a fully owned government company. The company is engaged in producing and exploring Iron Ore and diamonds, generating and selling wind power, and producing and selling Sponge Iron.

The stock's current market price is Rs.126, with a market capitalization of Rs. 36 970 Crores. For the year ending March 2022, the company has declared an equity dividend of about 1474%, which amounts to 14.74 per share. For the current share price of Rs. 126.15, the dividend yield is 11.71%.

REC Ltd

REC Ltd is a government company that operates under the ministry of power and is involved in financing projects in the power sector value chain completely from generation to distribution.

The stock's current market price is Rs. 106, with a market capitalization of Rs. 27 991 Crores. For the year ending March 2022, the company has declared an equity dividend of about 153%, which amounts to Rs. 15.3 per share. At the current share price of Rs. 106, the dividend yield is 14.43%.

Coal India Ltd

Coal India is mainly engaged in the business of mining and production of Coal; it also operates Coal washeries. The company's major consumers are from the steel and power sectors. The company is a 'Maharatna' company operating under the Ministry of Coal, Government of India.

The stock's current market price is Rs. 232, with a market capitalization of Rs. 143, 191 Crores. For the year ending March 2022, the company has declared an equity dividend of about 170%, which amounts to Rs. 17 per share. At the current share price of Rs. 232, the dividend yield is 7.30%.

ONGC Ltd

The government established Oil And Natural Gas Corporation (ONGC) Ltd in 1956. The company is the largest natural gas and crude oil company in India, contributing over 71 percent to India's domestic production of oil and natural gases.

The stock's current market price is Rs. 134, with a market capitalization of Rs. 169 142 Crores. For the year ending march 2022, the company has declared an equity dividend of about 210%, which amounts to Rs. 10.5 per share. At the current share price of Rs. 134.75, the dividend yield is 7.79%.