Dividend yields are a key metric for assessing the attractiveness of dividend-paying stocks, as they represent the annual dividend payment as a percentage of a company’s current stock price.Dividend yields provide insight into the income investors as to how much one can earn relative to their investment in a stock. Higher yields are often appealing to income-focused investors.SBI Securities shares a list of top 10 stocks with dividend yields up to 8.4%, based on the closing price of November 1:
Bank of India shares rise 2% after LIC raises stake to 8.38%
Life Insurance Corporation (LIC) has increased its stake in Bank of India to 8.38% as of May 9, acquiring an additional 2.026% stake since September