3 Dividend Stocks For A Decent Dividend Yield

Markets are trading near record highs and one would have to look at value to generate returns from here. With growth rate stuck and corporate earnings going nowhere, it maybe time to look at stocks that are attractive for their dividend yields. The only risk to dividend yields, is that we have projected yields based on the past track record of dividends. In the case of the companies below, we do not see them changing their dividends too much. Here are a few dividend stocks that you could consider: ONGC is a stock that is good for its dividend yield. We do not see the company altering its dividend a great deal from the current levels. Based on the assumption that ONGC will declare the same dividends as last year, the shares are available at a dividend yield of near 5.5 per cent.Remember that dividends are also tax free up to a sum of Rs 10 lakhs. This makes the stock very attractive at the current levels.Business prospects of the company too are unlikely to change too much. Crude Oil prices are expected to continue to stay at decent levels in the coming years, which makes a stock like ONGC attractive. The shares are not too far away from their 52-week lows, which is another reason to buy the stock.Advertisement This is another stock that could be interesting at the current levels. The shares have fallen dramatically after the recent quarterly numbers and at the levels of Rs 125.85 is close to its 52-week low of Rs 119. The shares are currently available at a dividend yield of close to 5.6 per cent.The quarterly numbers of the company for the period ending Sept 30, 2019 were a little disappointing, however, it is unlikely that we will seen the same trend continuing.In fact, if the shares continue to dip below the Rs 120 mark, it would be an excellent opportunity to buy into the same.Fundamentally the shares are not to expensive and are quoting at near 1.1 times one year forward book and about 10 times one year forward earnings. A good stock to buy for a steady dividend stream. In the case of Jagran Prakashan the board is set to meet on Dec 7 to consider a buyback of shares. Apart from this, if you buy the stock at the current levels, your dividend yield on the stock is at near 6 per cent.Jagran Prakashan publishes Indias largest circulated daily Dainink Jagran. Apart from this it also owns Radio City, through its subsidiary Music Broadcast.The stock is also attractive in terms or fundamentals and is trading at a p/e of just 7 times one year forward earnings. The company has a proven track record for buyback of shares and declaring very decent dividends. The stock is a good bet at the current levels. This article is strictly for informational purposes only. It is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author of this article do not accept culpability for losses and/or damages arising based on information in this article.GoodReturns.in