3 Stocks With High Dividend Yields Upto 8% And Low P/E

Markets have seen a buoyant trend with the Sensex crossing the 61,000 points and the Nifty crossing the 18,000 points levels. Analysts believe that it is just a matter of time before both these hit news fresh record levels. Here are 3 stocks that are low on p/e and high on dividend yields. Please note, we have not done a fundamental analysis and therefore the article is information and nor recommendation to buy.

Coal India

This government owned entity gives a dividend yield of 7.29%. The stock has a solid track record of paying dividends, thanks to the robust cash flows generated year-after-year. The trailing p/e of the stock is under 10, which makes the stock very inexpensive. With coal prices expected to continue to rise, the margins of the company could remain protected.

CESC

This stock is value at a p/e of just 11 times on a trailing basis. The stock gives an attractive dividend yield of nearly 6.57%, which is not bad at all. The company's stock has hit a 52-week high of Rs 86.65 and a 52-week low of Rs 62.25. CESC is among the top suppliers of electricity to the city of Kolkata. In fact, the company has got a pretty steady track record when it comes to payment of dividends.

REC

The stock is available with a dividend yield of nearly 8%, after considering the bonus that it declared last year. The dividends declared by the company have been robust over the years and we do not see the possibility of the company reducing the dividend in the coming years. The stock of REC has hit a 52-week high of Rs 132 and a 52-week low of Rs 82 on the NSE.

There are many stocks that also offer very good dividends including the likes of Sanofi India and Oracle Financial Services. It is also important to remember that dividends are taxable and hence it is better advised to plan accordingly depending on your overall tax liability. Apart from this the record date and the ex dividend date are also important dates that you should note before buying such stocks.

Disclaimer
Please be informed that the stocks mentioned above are not recommendations to buy, sell or hold. There is no fundamental analysis done and the article is only for information on high dividend yields and low p/e. Greynium Information Technologies Pvt Ltd and the author are not liable for any losses caused based on the article.