Many companies in the stock market are famous for giving dividends. These shares are earning so much from dividends alone, which is more than the interest being received on all the popular savings schemes including Sukanya Samriddhi Yojana and PPF. At least the figures for 2023 prove this to be true.
Interest on Small Savings Schemes
The government has recently introduced various small savings schemes including Sukanya Samriddhi Yojana and Public Provident Fund. The interest rates of the schemes have been changed. This change is for the January-March quarter. After this, the interest of Sukanya Samriddhi Yojana has increased to 8.20 percent. Earlier in 2023, interest was being given at the rate of 8 percent on Sukanya Samriddhi Yojana. The interest rate on PPF in 2023 was 7.10 percent, which is still the same.
Highest Dividend Yield
Vedanta is one of the most prominent names among dividend paying stocks. The company announced a dividend of Rs 62.50 per share in 2023. The price of one share of the company is Rs 316. In this way, the dividend yield of Vedanta will be around 20 percent in 2023. REC Limited, a share of Rs 120, gave a dividend of Rs 14.10 in 2023, due to which the dividend yield became 11.70 percent.
These government shares also gave defeat
Government company Indian Oil in 2023 I paid dividends twice. This share of Rs 78 gave a dividend of Rs 8 both times together, making the yield 10.25 percent. Coal India Limited gave a dividend of Rs 24.5 on a share of around Rs 225. Its dividend yield was 10.90 percent. Hindustan Zinc, a share of Rs 325, gave a dividend of Rs 52 in 2023 and took the yield to 16 percent.
Bank FD is also far behind
In this way you saw that the 5 mentioned above Shares Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money. Also read: Dmart’s Damani bought lakhs of shares in VST Industries, block deal worth more than Rs 75 crores
