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Dividend Yield: 3.6%

Oil and Natural Gas Corporation Limited (ONGC) offers a dividend yield of 3.65%, ranking in the top 25% of Indian market payers. Despite a volatile dividend history, recent dividends are well-covered by earnings (31.3%) and cash flows (32.5%). ONGC's Q1 FY2024-25 net income fell to ₹99,364.5 million from ₹146,444.3 million last year, impacting short-term financial stability but maintaining long-term payout sustainability due to low payout ratios and strategic investments in renewable energy projects.

• Click here to discover the nuances of Oil and Natural Gas with our detailed analytical dividend report.

• The analysis detailed in our Oil and Natural Gas valuation report hints at an deflated share price compared to its estimated value.

Union Bank of India

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Union Bank of India provides various banking products and services, with a market cap of ₹911.22 billion.

Operations: Union Bank of India's revenue segments include Treasury Operations (₹317.49 billion), Corporate/Wholesale Banking (₹440.12 billion), Retail Banking Operations - Digital Banking Operations (₹10.23 billion), and Retail Banking Operations - Other Retail Banking Operations (₹397.16 billion).

Dividend Yield: 3%

Union Bank of India declared a dividend of ₹3.60 per share for FY 2023-24, reflecting a commitment to shareholder returns despite a historically volatile dividend track record. Recent earnings showed net income growth to ₹36.42 billion in Q1 2024 from ₹32.72 billion the previous year, supporting its low payout ratio of 18.8%. However, the bank faces challenges with high non-performing loans at 4.7% and has undergone significant executive changes recently.

• Navigate through the intricacies of Union Bank of India with our comprehensive dividend report here.

• Our comprehensive valuation report raises the possibility that Union Bank of India is priced lower than what may be justified by its financials.

Turning Ideas Into Actions

• Explore the 19 names from our Top Indian Dividend Stocks screener here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NSEI:DBCORP NSEI:ONGC and NSEI:UNIONBANK.

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