These stocks will give dividends that are higher than the bank rate.
When the market is volatile, it’s common for investors to seek out stable sources of income.
A certain number of stocks in any securities fund should pay out dividends that are higher than the bank rate.
These stocks with dividend of over 6% that are currently trading below ₹.150 –
- REC: REC Ltd (NS:RECM) is currently trading at ₹. 124.55, with an 8.83 percent dividend yield.
This equates to about Rs 11 per share in dividends.
Per year, an investor who invests ₹. 10,000 in this stock will get ₹. 883 in dividends.
The portfolio closed at ₹. 133.9 on December 31, 2020. Price instability hasn’t had a significant impact on it.
In India, the firm funds and supports rural electrification programmes.
There is no concern about the company’s ability to pay dividends.
- PFC: Power Finance Corporation Ltd (NS:PWFC) Another stock in the electricity sector
It’s actually trading at ₹. 106.05, with an 8.96% dividend yield.
Investors who invest ₹. 10,000 in this stock will get Rs 896 in dividends per year.
The stock closed at Rs 114 on December 31, 2020. Price volatility hasn’t had much of an impact on this stock.