Whalesbook
With investors prioritizing stable returns, dividend-paying stocks are a key focus for passive income. IDBI Capital Markets & Securities has identified 15 Nifty 500 companies offering attractive yields to help investors build income streams.
Top Dividend Yields
Bharat Petroleum Corporation (BPCL) headlines the selection, boasting the highest dividend yield at 7.5%. The state-owned oil marketing giant reported sales of ₹1,29,978 crore with a market capitalization of ₹1,30,350 crore. Indian Oil Corporation (IOC) follows closely, offering a 7.0% yield, supported by robust sales of ₹3,28,868 crore and a market cap of ₹2,00,804 crore.
Key Public Sector Picks
Several other public sector undertakings (PSUs) feature prominently. REC and Coal India each provide a significant 5.5% dividend yield. REC's financial standing includes sales of ₹2,87,697 crore and a market cap of ₹93,308 crore, while Coal India shows substantial scale with a market cap of ₹2,96,643 crore and sales of ₹2,94,419 crore.
Mid-Tier Yields and Diversified Companies
In the mid-yield bracket, IT major Wipro and UTI Asset Management Company both offer 5.5% yields. Wipro's financials show sales of ₹2,13,932 crore and a market cap of ₹2,10,460 crore. ITC, a diversified conglomerate, offers a 4.6% yield, backed by a market capitalization of ₹3,94,616 crore and sales of ₹3,91,775 crore. Oil and Natural Gas Corporation (ONGC) and HCL Technologies are also present, each with a 4.5% yield.
Broader Sector Inclusions
The list extends to include Vedanta at 4.4%, Shipping Corporation of India at 4.3%, and Hindustan Petroleum Corporation (HPCL) alongside Oracle Financial Services Software (OFSS), both at 4.1%. NMDC and Infosys round out the report with yields of 3.9% and 3.8%, respectively. These selections offer a broad spectrum of choices across energy, banking, IT, metals, and other key sectors for income-oriented investors.