Stocks Paying More Dividend Than Fixed Deposits Available At Good Price Correction Now To Bet On

Dividend income makes up for the secondary income source. And in a case if the fixed deposit returns even after the recent hike do not entice you and you fall in the investor category with some risk appetite, then some of these stocks highlighted below offer a comparably better return than fixed deposits. Also, other than the dividend you can also expect stock appreciation as these stocks boom Vedanta Limited is a globally diversified natural resources company with interests in zinc-lead-silver, Iron ore, Steel, Copper, Aluminium, Power, Oil and Gas. After the latest sell-off in equity, the stock has corrected as much as 45% from its 52-week high considering the last traded price of Rs. 243.1. The stock other than offering good potential when it comes to stock price appreciation in the medium to long term offers consistent dividend.In the past 12 months, Vedanta Ltd. has declared an equity dividend amounting to Rs 76.50 per share. At the current share price of Rs 247.05, this results in a dividend yield of 30.97%. Nevertheless, we usually take this in respect of a particular Fy, so with a declared first interim dividend of Rs. 31.5 for Fy23 and the current stock price of Rs. 243.1, it is offering a dividend yield of 12.9%.As we write, the stock of Vedanta has collapsed to a days low price of Rs. 238.75 as the company has it put its Tamil Nadu Plant on sale. Advertisement In the year 1996, RBI introduced the concept of primary dealers for strengthening the ecosystem of institutional infra of G-securities. And for the same purpose, the company PNB Gilts was awarded the license. As per the company website it is the only primary dealer in the country. The companys products and services include Govt. Securities, T-Bills, non SLR investments, money market instruments and GILT accounts.The company has been consistently paying dividend since 2001 and for the Fy22 has recommended a final dividend of Rs. 5, so considering the LTP of Rs. 60.75, the dividend yield turns out to be 8.23%. From among the major banks, the maximum rate of interest offered is between 6-7%. So, you still end up getting a higher return. This Navratna CPSE that offers financing facility to primarily power companies in India has hit a fresh 52-week low price today. Implying that the current price can be highly lucrative to bet on the stock. Also, the company as with other PSUs offers an enticing dividend. The company has since 2007 declared 30 dividends in total. For the Fy22, it has declared of Rs. 12 or 120% and the current share price of Rs. 98.95, this implies a hefty dividend yield of 12%StockDividend yieldLTPCorrection from 52-week highVedanta12.90%243.145%PNB Gilts8.23%60.7534%Power Finance12.12%98.9535.64%So betting on these stocks can certainly help you beat inflation rate with the provided returns. Also, these companies also offer a room for capital appreciation through stock price gains in the medium to long term.