Oct 10, 2023
By: Katya Naidu
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In FY23, many companies have given good dividends. In this post, we track the stocks that gave the best dividends to their shareholders in this period. The list is dominated by energy stocks.
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Dividend yield is a ratio that tells the percentage of a company’s share price that it pays as dividend. This is important for long-term shareholders.
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The pharmaceutical company came on top of the list of companies with the best yield at 9.4 percent, according to a report by IDBI Capital.
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The PSU major is second on the list with a dividend yield of 8 percent.
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The PSU oil exploration company’s dividend yield stands at 6.6 percent.
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The PSU company’s stock has been running up recently. Its dividend yield is at 6.1 percent.
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This is the second non-PSU company on the list. Its dividend yield stands at 5.2 percent.
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It’s the second power sector company on the list, and its dividend yield stands at 4.9 percent.
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The tech company is focused on the financial and insurance sector. Its dividend yield is at 4.6 percent.
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The power sector company’s dividend yield stands at 4.5 percent.
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The other companies that made up the top ten include Castrol with a yield of 4.4 percent and VST Industries with a yield of 4.1 percent.
Credit: IANS