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Dividend Stock: You can earn bumper income from these 5 stocks

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Unlocking Income Streams: Explore the Top Dividend Stocks for Robust Portfolio Returns

Investing in dividend stocks presents a unique advantage, allowing investors not only to benefit from share value appreciation but also to earn additional income through dividends.

Typically, companies issue dividends as a reward to shareholders following strong quarterly results, usually in the form of cash payments.

If you are seeking stocks that offer both substantial returns and the potential for additional income through dividends, consider the following recommendations.

Building a diversified portfolio with these dividend stocks can contribute significantly to your overall earnings.

Understanding Dividend Yield:

Dividend yield, a crucial metric for income-seeking investors, is calculated by dividing the annual dividends paid per share by the current share price, expressed as a percentage.

This indicator provides valuable insights into the income potential of a stock.

Top Dividend Stocks:

  1. Vedanta Limited:
    • Vedanta has a robust track record, declaring dividends 41 times since July 23, 2001.
    • In the last 12 months, the company declared an equity dividend of Rs 50 per share.
    • With a current market price of Rs 268, Vedanta boasts an impressive dividend yield of 18.63%.
  2. Hindustan Zinc Limited:
    • Having declared dividends 41 times since June 28, 2001, Hindustan Zinc is a reliable choice.
    • The company declared an equity dividend of ₹39.00 per share in the last 12 months.
    • With a current share price of Rs 310.6, Hindustan Zinc offers a substantial dividend yield of 12.55%.
  3. TV Today Network Limited:
    • TV Today Network, over its journey since August 16, 2004, has declared dividends 22 times.
    • In the last 12 months, the company declared an equity dividend of ₹3 per share.
    • Despite a lower yield of 1.19%, the stability and consistent payouts make it an attractive option at the current share price of Rs 253.
  4. Xchanging Solutions Limited:
    • Xchanging Solutions, though relatively newer, declared 2 dividends since July 28, 2023.
    • With an equity dividend of ₹30 per share in the last 12 months and a current share price of Rs 149.1, it boasts a compelling dividend yield of 20.12%.
  5. Bhansali Engineering Polymers Limited:
    • With 26 dividends declared since July 11, 2003, Bhansali Engineering Polymers is a seasoned player.
    • The company declared an equity dividend of ₹18.00 per share in the last 12 months, offering an attractive dividend yield of 18.18% at the current share price of ₹99.

Incorporating these dividend stocks into your portfolio can potentially enhance your overall returns, providing a steady income stream alongside the prospects of capital appreciation.

Source:

https://zeep.ly/aRiYA

https://www.sharemarket.org.in/top-dividend-stock-to-include-in-your-portfolio/

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