Investors often gravitate towards growth stocks, but dividend-paying stocks hold a special place for many. Here are three government companies that are champions in delivering dividends. These companies have a consistent history of declaring regular dividends. If you haven’t invested in these stocks yet and wish to earn from dividends, you might consider investing further.
1. Bharat Petroleum Corporation Limited (BPCL)
- Overview: Bharat Petroleum is the second-largest government-owned oil company in India.
- Dividend History: In FY24, the company declared a total dividend of ₹31.5 per share (including a final dividend of ₹10.5 and an interim dividend of ₹21).
- Dividend Yield: Based on the current share price, BPCL has provided a 6.5% dividend yield.
- Track Record: BPCL has declared dividends 42 times in the last 24 years, indicating a reliable pattern of dividend payouts.
2. Hindustan Petroleum Corporation Limited (HPCL)
- Overview: HPCL is primarily involved in refining crude oil, marketing petroleum products, producing hydrocarbons, and managing E&P blocks.
- Dividend History: In the previous financial year, HPCL declared a final dividend of ₹11 per share and an interim dividend of ₹15 per share.
- Dividend Yield: The company offers a 5.4% dividend yield based on its current market price.
- Track Record: HPCL has consistently paid dividends since 2000, with the exception of 2023, and has declared dividends 35 times over the last 25 years.
3. Indian Oil Corporation Limited (IOCL)
- Overview: IOCL is the largest oil company in India, involved in refining, natural gas, and petrochemicals.
- Dividend History: In FY24, IOCL announced a total dividend of ₹12 per share (including a final dividend of ₹7 and an interim dividend of ₹5).
- Dividend Yield: The company boasts an attractive 8.5% dividend yield at its current share price.
- Track Record: IOCL has declared dividends 38 times in the last 24 years, demonstrating a solid history of shareholder returns.
These three government companies not only have a strong foundation in their respective industries but also maintain a history of rewarding their investors with consistent dividends. If you’re looking to earn through dividends, consider exploring these stocks for your investment portfolio.
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