From Vedanta to Hindustan Zinc, here are five large-cap companies that delivered the highest dividend yields in 2023

Highest dividend-paying stocks in India: As the calendar year 2023 draws to a close, we bring to you five high-dividend-paying stocks from the large-cap space of the year as per data available on Trendlyne that one should take a look at. Do you own them?

Highest dividend-paying stocks in India | Image: Unsplash/ Representational image

Highest dividend-paying stocks in India, Highest dividend paying large cap stocks: As the calendar year 2023 draws to a close, we bring to you five high-dividend-paying stocks from the large-cap space of the year as per data available on Trendlyne that one should take a look at.

Vedanta dividend yield

Anil Agarwal-backed mining major Vedanta is a natural resources and technology conglomerate spanning across India, South Africa, Namibia, Liberia, the UAE, Korea, Taiwan, and Japan, with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power, and glass substrates. The company is now foraying into semiconductors and display glass.

In the past 12 months, Vedanta has declared an equity dividend amounting to Rs 62.5 per share. At the current share price of Rs 261.70, this results in a dividend yield of 24 per cent.

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Hindustan Zinc dividend yield

In the past 12 months, Hindustan Zinc Ltd. has declared an equity dividend amounting to Rs 52 per share. At the current share price of Rs 311.55, this results in a dividend yield of 16.69 per cent. The company is the world’s second-largest integrated zinc producer and fifth-largest silver producer globally, as per the company's official website.

Coal India dividend yield

In the past 12 months, Coal India (CIL) has declared an equity dividend amounting to Rs 24.50 per share. This means a dividend yield of 6.68 per cent. CIL is a central public sector undertaking (PSU) under the ownership of the Ministry of Coal, Government of India.

Indian Oil Corporation dividend yield

In the past 12 months, Indian Oil Corporation has declared an equity dividend amounting to Rs 8 per share. At the current share price of Rs 127.40, this results in a dividend yield of 6.28 per cent.

Indian Oil, headquartered in New Delhi, is an Indian oil and gas company. It is a public-sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas.

Bharat Petroleum dividend yield

Bharat Petroleum, in the past 12 months, has declared an equity dividend amounting to Rs 25 per share. At the current share price of Rs 453.55, this results in a dividend yield of 5.51 per cent. Bharat Petroleum Corporation is a public-sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India.

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