Top 5 Mid Cap Stocks That Have Given Dividend Yield Of Upto 11.9%

Axis Securities in one of its research report has shared details about mid cap companies that have given higher dividend yields in the last 12 months. Top 5 companies have given dividend yields above 6%. Given below are the details.

1. Sanofi India Ltd

Sanofi India Ltd is one of the largest healthcare industry player, that has a market cap of Rs 13,230.39 crore. In last 12 months it has paid a dividend of Rs 683, based on current market price of Rs 5,744.85, it results to 11.9%. In last one year, the stock has fallen by 24.44%. and in three years it fell by 16.62%.

2. REC Ltd

REC Ltd is a Navratna company and subsidiary of Power Finance Corporation Limited (PFC) under the administrative control of the Ministry of Power. It provide financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities. It has a market capitalisation of Rs 31,164.21 crore. The company paid a dividend of Rs 13.1 and based on the current market price of Rs 118 per share the yield is 11.1%. In last three years the share price has increased by 64.14% and in one year it rose by 26.22%.

3. Oil India Ltd

Oil India Ltd is one of biggest central public service enterprises under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It deals in Oil and Gas exploration. Within a year the company paid a dividend of Rs 19.5 per share, and its yield is 7.6% based on the market price of Rs 256.50 per share. In last one year the stock price went up by 9.87%.

4. Glaxosmithkline Pharmaceuticals Ltd

Based on last year's dividend of Rs 90 per share, the dividend yield on the stock works to 7.0%, which is not bad at all. The current market price of the stock is Rs 1280.05 per share, which is up by 1.56% over previous day's closing. In last one year the stock has fallen by 18.43% and in three years, it has risen by 4.36%. Glaxosmithkline Pharmaceuticals Ltd is an Indian research-based pharmaceutical and healthcare company, and a subsidiary of GSK. It's product portfolio includes prescription medicines and vaccines. Its market capitalisation is Rs 21,684.82 crore.

5. Power Finance Corporation Ltd

Power Finance Corporation Ltd paid a dividend of Rs 10 per share in the last 12 months, according to the market price of Rs 156.50 per share the yield works to 6.4%. It is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India. Established in 1986, it is the financial backbone of Indian power sector as it provide a range of fund based and non fund based support power sector. It has a market capitalisation of Rs 41,317.28 crore. In last three years the stock price of the company has surged by 69.56% and in one yearit has grown by 34.45%.

We would like to clarify that the dividend yield stocks are picked from the brokerage report of Axis Securities. There is a high possibility that the list of stocks could include one-off dividends, jubilee dividends or dividends declared by paying from money received from sale of assets.

Disclaimer

This article is for information purposes only and highlights stocks that declared good dividends. The dividend yields in the stocks are taken from the report of Axis Securities. The article should be treated as informational and not an advisory to invest. There is no fundamental anlysis done on any stock, nor have we ascertained "one-off" dividends. Neither the author, nor Greynium Information Technologies Pvt Ltd nor Axis Securities should be held responsible for decisions based on this article.