3 Stocks With Low P/E Under 10 & High Dividend Yields Of Upto 8%

Markets have rallied this week on sustained buying by domestic institutions. Also, some short covering in the F&O segment led to a rally in stocks. Here are 3 stocks that are high on dividend yields and low on price to earnings ratio.

Coal India

The stock of Coal India has given a dividend yield of nearly 8%, based on last year's dividends of Rs 17 per share and the current market price of Rs 213. Last month in Feb, Coal India declared of Rs 5.25 per share, which went ex-dividend on Feb 8, 2023. The company has a very consistent track record of declaring dividends and we do not see the possibility of dividends reducing in the future. The stock of Coal India is available at a trailing p/e of 8 times. We have not taken forward p/e as we do not project earnings.

Power Finance Corporation

For the year ending March 2022 Power Finance Corporation declared a dividend of Rs 12 per share. At the current share price of Rs 151 it results in a dividend yield of 7.94%. This is another company that has a very consistent track record of declaring dividend. Like Coal India, Power Finance too is a company that is owned by the government of India. The shares of Power Finance are available at a trailing p/e of 3.74 times, according to data available from BSE.

CESC

The stock of CESC has fallen to 52-week lows recently. The shares of the company are available now with a dividend yield of 6.75%. The company is a major player in power distribution in the city of Kolkata. The stock is now available with a price to earnings ratio of slightly over 10, based on the data from the Bombay Stock Exchange. The CESC stock has hit a 52-week low of Rs 62.65 recently. The dividend record is very consistent, which is why it has featured in our list of stocks.

Disclaimer

Please note, that the above mentioned stocks are for information on good dividends and low p/e. These should not be construed as recommendations to either hold, buy or sell. The article is just information and we have not done a detailed fundamental analysis. Therefore, caution is exercised and neither the author, nor Greynium Information Technologies should be held responsible for losses based on a decision from the article.