Mining major Vedanta, Indian Oil Corporation (IOC) and eight smallcap stocks are among 50 stocks that have reported highest dividend yield in FY24 according to a report by SBI Securities. The brokerage has computed dividend yields based on the closing price of July 31, 2024. Companies that have consistently paid dividends in the last 3 years i.e FY23/CY22, FY22/CY21 and FY21/CY20 have been considered by the brokerage. Here are the top 10 ones:
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Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,