Top 10 highest dividend yielding stocks in CNX 100

With stable govt at the center and likely peak out of interest rates in India, quality stocks with high dividend yield could provide sufficient downside protection and reasonable upside potential. Following is the list of top 10 stocks in CNX 100 (top 100 companies listed on NSE) with highest dividend yield.

Name	LTP(Rs.)*	Div Yield
Oil India Ltd	482.5	6.2
NTPC Ltd	114.45	5.0
Union Bank of India	153.15	5.0
Coal India Ltd	295.3	4.7
NMDC Ltd	152.2	4.6
Canara Bank	285.4	4.4
MphasiS Ltd	414	4.1
Bank of India	233.05	4.0
Power Finance Corporation Ltd	187.3	3.8
Reliance Capital Ltd	349.2	3.7
*LTP as on 2nd May 2014

Allahabad Bank Dividend Yield and History

Public Sector Banks stocks have fallen like house of cards on the back of heavy portfolio selling fearing the exponential rise in non performing assets in coming months. 

The gross and net non-performing assets of almost all public sectors banks are rising fast since past couple of quarters mainly due to debt restructuring and casualties in specific large accounts. However the steep fall in stock prices have made most of the PSBs attractive for medium to long term investors as they are trading at historical low valuations and high dividend yields.

High Dividend Yield Stocks in India - 2012

High dividend yield stocks offer a safe haven to investors where safety has greater priority compared to high returns. Hence, even if the market remains volatile, going ahead, an investor can still get a decent return on investment, thanks to good dividend yielding stocks. The dividends are paid no matter what direction the stocks move and can provide a higher yield on investment in a weak market.

Following is a list of good quality, consistent, and high dividend paying stocks in India that one can look at for investment in 2012.

Dogs of the SENSEX - August 2011

List of top 5 Highest Dividend Yield stocks in SENSEX.

High Dividend Yield Stocks - August 2011

Latest list of High Dividend Yield Stocks in NSE/BSE Top 100 with yield more than 5%.

High dividend yield stocks - June 2011

High Dividend Yield Stocks in India as of June 2011 based on the declared dividends.