High Dividend Yield Stocks June 2024
Dividend income is one of the reasons investors purchase stocks, among other things. A corporation that has surplus financial reserves delivers dividends to its shareholders, which constitute a percentage of its profits. Interim and final dividends are the two different categories of payouts. Any time during the fiscal year, an interim dividend is declared, leaving potential for additional dividend payments in the future. Conversely, a final dividend is the last payout made by the corporation for that particular fiscal year.
Given that investors see dividends as a source of income from their investments, they might be seen as a significant element. It is a motivating factor for novice investors, and it was one of the main considerations for amateur investors prior to making an investment a few years ago, when the stock market was less technology oriented. This mentality has evolved with the development of technology and data-driven investors.
One of the most important things to take into account when buying dividend-paying stocks is dividend yield. It shows the rate of return on investment for shareholders.
Based on their underlying health, the broking research firm Religare identified the top 10 dividend-paying firms for June in its most recent report.
High Dividend Yield Stocks June 2024 Top 10 Dividend- stocks
| Company Name | Sector | CMP | P/E (x) | DPS (FY23) | DPS (FY22) | Dividend Yield (%) |
| Coal India | Mining | 473 | 8.9 | 24.3 | 17 | 5.1 |
| Gujarat State Fertilizers & Chemicals | Chemicals | 242 | 3.7 | 10 | 2.5 | 4.1 |
| Oil & Natural Gas Corporation | Crude Oil | 274 | 4.9 | 11.3 | 10.5 | 4.1 |
| Gujarat Narmada Valley Fert. & Chem. | Chemicals | 711 | 5.4 | 30 | 10 | 4.1 |
| PTC India | Power | 206 | 6.8 | 7.8 | 7.8 | 3.8 |
| VST Industries | FMCG | 3995 | 14.8 | 150 | 140 | 3.8 |
| HCL Technologies | IT | 1460 | 25.7 | 48 | 42 | 3.3 |
| ITC | FMCG | 425 | 26.2 | 13.8 | 15.5 | 3.2 |
| Power Grid Corporation Of India | Power | 331 | 10.3 | 14.8 | 14.8 | 3.2 |
| Infosys | IT | 1567 | 22.8 | 46 | 34 | 2.9 |
Read More: Top 10 Chinese Stocks by Market Cap as of 2024
