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Looking for high dividend yields? Here are some stocks to maximise your wealth

Updated : 2020-09-25 00:07:46

Dividends form a key component for stock market returns. Many investors look for stocks that pay substantial dividends, as it directly indicates at the company's ability to churn positive cash flows. A basket of healthy dividend stocks is what most investors look for. However, this year due to the pandemic, many companies have struggled to pay out dividends but there are companies that have an attractive dividend yield of up to 14 percent. Let's take a look at the list of stocks with highest paying dividend yield:

Dividends form a key component for stock market returns. Many investors look for stocks that pay substantial dividends as it directly indicates the company's ability to churn positive cash flows. A basket of healthy dividend stocks is what most investors look for. However, due to the COVID-19 pandemic, many companies have struggled to pay out dividends. Let's take a look at stocks with highest paying dividend yield. (Image: Reuters)
Dividends form a key component for stock market returns. Many investors look for stocks that pay substantial dividends as it directly indicates the company's ability to churn positive cash flows. A basket of healthy dividend stocks is what most investors look for. However, due to the COVID-19 pandemic, many companies have struggled to pay out dividends. Let's take a look at stocks with highest paying dividend yield. (Image: Reuters)
NLC India's dividend yield is at 14 percent, which is the highest amongst all, said HDFC Securities. The stock's latest dividend for the full year is 70.6 percent. At 3 pm, the shares traded 2.27 percent lower to Rs 49.45 per share on the NSE. (Image: Shutterstock)
NLC India's dividend yield is at 14 percent, which is the highest amongst all, said HDFC Securities. The stock's latest dividend for the full year is 70.6 percent. At 3 pm, the shares traded 2.27 percent lower to Rs 49.45 per share on the NSE. (Image: Shutterstock)
PTC India's dividend yield is at 11.9 percent, said HDFC Securities. The stock's latest dividend for the full year is 55 percent. At 3 pm, the shares traded 1.77 percent lower to Rs 47.15 per share on the NSE. (Image: Shutterstock)
PTC India's dividend yield is at 11.9 percent, said HDFC Securities. The stock's latest dividend for the full year is 55 percent. At 3 pm, the shares traded 1.77 percent lower to Rs 47.15 per share on the NSE. (Image: Shutterstock)
Oil India's dividend yield is at 11.5 percent, said HDFC Securities. The stock's latest dividend for the full year is 106 percent. At 3 pm, the shares traded 2.61 percent lower to Rs 85.75 per share on the NSE. (Image: Reuters)
Oil India's dividend yield is at 11.5 percent, said HDFC Securities. The stock's latest dividend for the full year is 106 percent. At 3 pm, the shares traded 2.61 percent lower to Rs 85.75 per share on the NSE. (Image: Reuters)
Power Finance Corporation's dividend yield is at 10.7 percent, said HDFC Securities. The stock's latest dividend for the full year is 95 percent. At 3 pm, the shares traded 3.71 percent lower to Rs 83 per share on the NSE. (Image: Reuters)
Power Finance Corporation's dividend yield is at 10.7 percent, said HDFC Securities. The stock's latest dividend for the full year is 95 percent. At 3 pm, the shares traded 3.71 percent lower to Rs 83 per share on the NSE. (Image: Reuters)
REC India's dividend yield is at 10.7 percent, said HDFC Securities. The stock's latest dividend for the full year is 110 percent. At 3 pm, the shares traded 4.40 percent lower to Rs 95.60 per share on the NSE. (Image: Shutterstock)
REC India's dividend yield is at 10.7 percent, said HDFC Securities. The stock's latest dividend for the full year is 110 percent. At 3 pm, the shares traded 4.40 percent lower to Rs 95.60 per share on the NSE. (Image: Shutterstock)
TV Today Network's dividend yield is at 10.3 percent, said HDFC Securities. The stock's latest dividend for the full year is 445 percent. At 3 pm, the shares traded 0.61 percent lower to Rs 195.60 per share on the NSE. (Image: Reuters)
TV Today Network's dividend yield is at 10.3 percent, said HDFC Securities. The stock's latest dividend for the full year is 445 percent. At 3 pm, the shares traded 0.61 percent lower to Rs 195.60 per share on the NSE. (Image: Reuters)
IDFC's dividend yield is at 10.1 percent, said HDFC Securities. The stock's latest dividend for the full year is 31.5 percent. At 3 pm, the shares traded 5.71 percent lower to Rs 29.75 per share on the NSE. (Image: Facebook)
IDFC's dividend yield is at 10.1 percent, said HDFC Securities. The stock's latest dividend for the full year is 31.5 percent. At 3 pm, the shares traded 5.71 percent lower to Rs 29.75 per share on the NSE. (Image: Facebook)
Coal India's dividend yield is at 10 percent, said HDFC Securities. The stock's latest dividend for the full year is 120 percent. At 3 pm, the shares traded 4.46 percent lower to Rs 115.65per share on the NSE. (Image: AP)
Coal India's dividend yield is at 10 percent, said HDFC Securities. The stock's latest dividend for the full year is 120 percent. At 3 pm, the shares traded 4.46 percent lower to Rs 115.65per share on the NSE. (Image: AP)
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