At a time when India's largest public sector lender State Bank of India (SBI) does not offer an interest rate of more than 5.65%, the attraction for dividend-paying stocks increases. Unlike debt instruments, the dividend yield is not guaranteed and any fluctuation in the stock price can also affect your overall returns. Here are 5 high-dividend-yielding PSU stocks that have delivered at least double dividend yield than FD return, according to a recent report by IDBI Capital.
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2/6
HUDCO
The public sector company HUDCO gave a dividend yield of 13.9%, the highest among listed PSU companies. The stock has fallen about 14% in the last one month, while it has plunged by 10% year-to-date.
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3/6
BPCL
The government-owned BPCL gave a 13.5% per cent dividend yield to its investors. The stock has declined about 4% in the last one month, while It has fallen nearly 19% in the past six months.
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4/6
REC
The public infrastructure finance company delivered a dividend yield of 11.8%. The scrip has fallen about 13% in the last one month, while it has plunged around 6% in the past six months.
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5/6
NMDC
The government-owned mineral producer has offered an 11.7% dividend yield to its investors. The stock has gained nearly 7% in the last one month, while it has fallen about 25% in the last six months.
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6/6
GAIL
The public sector company GAIL has delivered a dividend yield of 11.7%. The stock has plunged about 6% in the last one month, while it has fallen around 19% in the past six months.
