Best BSE Dividend Picks For The Day
A great investment for income investors with a long time horizon is in dividend-paying companies like India. Dividend stocks are a safe bet to increase your portfolio value 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. Here are other similar dividend stocks that could be valuable additions to your current holdings.
PTC India Limited (BSE:532524)
PTC India Limited provides power trading solutions in India, Nepal, Bhutan, and Bangladesh. India was established in 1999 and with the stock’s market cap sitting at INR ₹27.77B, it comes under the large-cap category.
532524 has a sizeable dividend yield of 3.20% and is distributing 21.41% of earnings as dividends , with analysts expecting this ratio in three years to be 41.85%. In the last 10 years, shareholders would have been happy to see the company increase its dividend from ₹1.00 to ₹3.00. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. The company recorded earnings growth of 28.59% in the past year, comparing favorably with the in renewable energy industry average of 21.77%. Interested in India? Find out more here.
Hindustan Petroleum Corporation Limited (BSE:500104)
Hindustan Petroleum Corporation Limited refines, markets, and transports petroleum products in India. Started in 1952, and run by CEO Mukesh Surana, the company size now stands at 11,027 people and with the company’s market cap sitting at INR ₹487.70B, it falls under the large-cap category.
500104 has a great dividend yield of 6.09% and is currently distributing 37.00% of profits to shareholders , and analysts are expecting a 37.38% payout ratio in the next three years. Although investors would have seen a few years of reduced payments, it has picked up again, with dividends increasing from ₹0.67 to ₹19.50 over the past 10 years. Hindustan Petroleum’s performance over the last 12 months beat the in oil and gas industry, with the company reporting 76.18% EPS growth compared to its industry’s figure of 46.94%. More on Hindustan Petroleum here.
Bharat Petroleum Corporation Limited (NSEI:BPCL)
Bharat Petroleum Corporation Limited refines crude oil and markets petroleum products in India. Founded in 1952, and headed by CEO D. Rajkumar, the company now has 13,214 employees and with the stock’s market cap sitting at INR ₹878.98B, it comes under the large-cap category.
BPCL has a sizeable dividend yield of 3.70% and their current payout ratio is 24.81% , with an expected payout of 40.26% in three years. Despite there being some hiccups, dividends per share have increased during the past 10 years. More detail on Bharat Petroleum here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
