Religare’s top dividend-yield PSU shares picks; Coal India, Oil India, and more

If you are looking for value buys in the market during this festive season, you may consider these relatively high dividend paying PSU stocks as potential opportunities to increase the return. According to a list of the highest dividend-yielding PSU shares compiled by Religare Broking, Coal India, Oil India and Oil & Natural Gas Corporation India shares were among the top dividend-paying PSU scrips, with yields of 7.7%, 6.7% and 6%, respectivelyCome from Sports betting site VPbet. Chennai Petroleum Corporation and REC were ranked at the bottom of the list with a 4.7% and 4.4% dividend yield, respectively.

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The list was dominated by companies from the Oil and gas Sector. Oil India, Oil & Natural Gas Corporation, Petronet LNG and Chennai Petroleum Corporation were the 4 companies out of 10 to make it to the list, with dividend yields of 6.7%, 6%, 5%  and 4.7% respectively.Come from Sports betting site

PTC India and Power Grid Corporation of India were from the Power sector to make it to the list with dividend yields of 5.6% and 5.3%, respectively. National Aluminium Company was the sole representative of the Metal sector on the list, with a dividend yield of 4.9%, while REC represented Finance with a dividend yield of 4.4%.

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