These company share pay more dividend than Bank FD Rates – Business News India

Stocks that pay strong dividends are in the news during the result season. Dividend stocks provide additional income to long term investors. Recently, the state-owned company REC

Limited has announced an interim dividend of Rs 5 per share for the financial year 2022-23. REC shares closed at Rs 96.50 on Thursday. The dividend yield of the company is more

than 5%. If we look at the Annual Dividend Yield of REC Limited, the company paid a total dividend of Rs 13.30 per share in FY 2022, which is much higher than the average interest

rates of bank fixed deposits (FDs) by about 6%. . We are telling you about the shares of 3 such companies, whose annual dividend yield is much higher than the interest rates of

bank fixed deposits or bank FD rates... Steel Authority of India or SAILState-owned metal company SAIL (SAIL) has given a total dividend of Rs 8.75 per share in FY 2022. Steel

Authority of India Limited (SAIL) has given dividend thrice in the financial year 2022. The company has paid a final dividend of Rs 4 in November 2011, Rs 2.50 in March 2022 and Rs

2.35. Navratna Company's shares are currently at a level of around Rs 82. This means that the current dividend yield of SAIL shares is around 10.70, which is much higher than long

term debt mutual fund returns. Also read- Big boost to Sun Pharma's stock, after 7 years the price crossed Rs 1000 Power Finance Corporation Limited or PFCShares of

Power Finance Corporation (PFC) are currently down nearly 22% from their 52-week high of Rs 142.30. The government company has given a total dividend of Rs 12.25 per share in the

financial year 2021-22. The company has given dividend to its shareholders on four occasions. Power Finance Corporation (PFC) has paid interim dividend of Rs 2.50, Rs 2.50 and Rs 6

for August 2021, November 2021 and February 2022 respectively. In addition, the company paid a final dividend of Rs 1.25 for FY22. PFC shares are currently trading at Rs 110 level.

The current annual dividend yield for FY22 is over 11%. Also read- Multibagger company going to distribute shares, has already given 4600% return Coal India Limited or

CIL The government company has given a total dividend of Rs 17 per share to its shareholders in FY22. Coal India has paid interim dividend of Rs 9 and Rs 5 to its shareholders in

December 2021 and February 2022 respectively. After this, the company announced a final dividend of Rs 3 per share in August 2022. The shares of Coal India Limited are currently

close to Rs 240. This means that its annual dividend yield is more than 7%. The company has beaten bank FD returns with good margins.