15 Top Dividend Stocks Are Wealth Creators; Hits 52-Week Highs Last Week, 20-200% Returns In 1 Year

15 dividend-paying stocks both under PSUs and private companies ambit have touched new 52-week highs on NSE in the trading week from January 1st to 5th. Two of them are multibaggers namely Angel One and Hindustan Aeronautics (HAL). Overall, these 15 stocks have given returns in the range of 20% to nearly 200% in a year. Dividend-paying stocks have outperformed the market in 2023, and they have continued their bullish trend at the start of the new year as well.

Here are some of the key highlights of these 15 stocks that touched new highs on January 5 on the NSE: {image-
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1. Angel One: The stock broker touched a new 52-week high of Rs 3,772.80, while its 1-year gain is nearly 192% on the exchange. The stock paid dividends up to 451.5% valuing to Rs 45.1 per share. Its dividend yield is at 1.06%.

2. NHPC: Public sector hydropower company touched a new 52-week high of Rs 75.3 apiece. Its yearly upside is 83.2%. Last year, the company delivered dividends up to 18.5% amounting to Rs 1.85 per share. Currently, its dividend yield is at 2.57%.

3. Hindustan Aeronautics (HAL): This defence stock is a megahit due to its strong order inflows. The stock touched a new 52-week high of Rs 3,079 apiece, continuing its multibagging returns. The stock climbed 140.4% in a year. HAL paid up to 350% or Rs 35 per share dividends in 2023 and has a dividend yield of 0.92% currently.

4. Indus Tower: Telecom stock touched a new 52-week high of Rs 229.95 apiece, and has gained by nearly 20% in a year. Although Indus has not declared any dividend in 2023, it still holds a consistent track record of rewarding benefits like dividends in the past years. In 2022, the company paid up 110% dividend amounting to Rs 11 per share.

5. Indian Oil: The largest oil market company, Indian Oil touched a new 52-week high of Rs 134.6 apiece, and its 1-year upside is at 65.7%. OMC paid up to 80% dividends in 2023, amounting to Rs 8 per share. Its dividend yield is at 2.26%.

6. Bajaj Auto: This Bajaj Group-backed auto player is in focus for its upcoming buyback. The stock touched a new 52-week high of Rs 7,084 apiece and has surged by 93.22% in a year. The 2-wheeler and 3-wheeler giant has delivered up to 1400% dividends in 2023, amounting to Rs 140 per share. Its dividend yield is at 2.01%.

7. Mahanagar Gas: Leading CNG supplier touched a new 52-week high of Rs 1,252 apiece, and has soared by 41.98% in a year. The company delivered up to 260% dividends aggregating to Rs 26 per share in 2023 and currently has a dividend yield of 2.1%.

8. ONGC: Govt's top oil and gas explorer, ONGC touched a new 52-week high of Rs 217.5 apiece and is up by 45.56% in a year. This PSU company paid up to 205% dividends valuing to Rs 10.25 per share in 2023. Currently, the stock has a dividend yield of 5.2%.

9. Bank of India: This PSU bank touched a new 52-week high of Rs 122.4 apiece. In a year, the state-owned has risen by 24.51%. The bank paid up to 20% dividend amounting to Rs 2 per share in 2023. Its dividend yield is at 1.68%.

10. Power Grid: This CPSE which is engaged mainly in transmission of bulk power across, touched a new 52-week high of Rs 245 apiece, and it has climbed by 53.55% in a year. The power company paid up to 137.5% dividend aggregating to Rs 13.75 per share in 2023 and has a dividend yield of up to 7.77% at present.

11. Manappuram Finance: The company, engaged in gold loan services, touched a new 52-week high of Rs 181.65 apiece, and has jumped by 44.41% in a year. In 2023, the company paid dividends up to 157.5% valuing to Rs 3.15 per share. Currently, its dividend yield is at 1.71%.

12. Bharat Electronics (BEL): Another star performer in the defence segment, BEL touched a new 52-week high of Rs 188.65 apiece, while its latest upside is 86% in a year. BEL delivered 180% amounting to Rs 1.8 per share. Its dividend yield is at 0.97%.

13. NTPC: Yet another CPSE engaged in the generation of electricity and other activities in the power sector, touched a new 52-week high of Rs 325.65 apiece, while its upside is to the tune of 85% in a year. NTPC paid dividends up to 95% amounting to Rs 9.5 per share in 2023. While its dividend yield is at 2.3%.

14. Canara Bank: Leading state-owned PSU bank, Canara touched a new 52-week high of Rs 469.25 apiece while surging by 41.22% in a year. The PSU lender paid up to 120% dividends amounting to Rs 12 per share in 2023 and has a dividend yield of 2.6% currently.

15. Muthoot Finance: Giant in providing gold loan services, this NBFC stock touched a new 52-week high of Rs 1,537.35 apiece, while it has gained by 39.29% in a year. Muthoot paid dividends up to 220% to Rs 22 per share in 2023. Currently, it has a dividend yield of 1.47%.

That being said, these 15 stocks have created significant wealth for investors. They will be in focus ahead of their Q3 results.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author or Greynium Information Technologies. The author, the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.