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Indraprastha Medical is one of the top dividend stocks I think are worth considering today. Dividend stocks are a great way to hedge your portfolio as they provide both steady income and cushion against market risks. A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
Indraprastha Medical Corporation Limited (NSEI:INDRAMEDCO)
Indraprastha Medical Corporation Limited provides hospital services in India. Established in 1988, and now run by Ashok Bajpai, the company provides employment to 2,966 people and with the market cap of INR ₹4.62B, it falls under the mid-cap stocks category.
INDRAMEDCO has a good dividend yield of 3.57% and is paying out 81.73% of profits as dividends . Over the past 10 years, INDRAMEDCO has increased its dividends from ₹1.25 to ₹1.80. The company has been a reliable payer too, not missing a payment during this time. When we compare Indraprastha Medical’s PE ratio with its industry, the company appears favorable. The IN Healthcare industry’s average ratio of 40 is above that of Indraprastha Medical’s (22.9). Continue research on Indraprastha Medical here.
Rural Electrification Corporation Limited (NSEI:RECLTD)
Rural Electrification Corporation Limited, a public financial institution, provides financing and promotion services for power transmission, distribution, and generation projects in India. Founded in 1969, and headed by CEO Penumaka Venkata Babu, the company now has 648 employees and with the company’s market capitalisation at INR ₹253.78B, we can put it in the large-cap category.
RECLTD has a large dividend yield of 7.69% and pays 30.19% of it’s earnings as dividends . Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from ₹1.50 to ₹10.05. Dig deeper into Rural Electrification here.
Indian Oil Corporation Limited (BSE:530965)
Indian Oil Corporation Limited, together with its subsidiaries, engages in refining, pipeline transportation, and marketing of petroleum products in India. Founded in 1959, and now run by Sanjiv Singh, the company currently employs 34,084 people and with the stock’s market cap sitting at INR ₹1.70T, it comes under the large-cap group.
530965 has a great dividend yield of 7.30% and their current payout ratio is 45.37% , with analysts expecting a 47.08% payout in the next three years. Dividends per share have increased during the past 10 years, but there have been a couple hiccups. However, they have historically always picked up again. More detail on Indian Oil here.