Sanofi, REC, and Oil India shares were among the top dividend-paying Mid-caps scrips in the last one year, with yields of 8% each, according to a list of highest dividend-yielding Mid-Caps shares compiled by Axis Securities. National Mineral Development Corporation (NMDC) stood at the bottom of Axis Securities’ list with a 3% dividend yield.
Here’s a look at the highest dividend payouts and dividend-yielding Mid-Caps:
| Company Name | CMP | Dividend (In the past 12 Months) | Dividend Yield (Last 12 Months) |
| Sanofi India | Rs 6,959 | Rs 570 | 8% |
| REC | Rs 161 | Rs 12.6 | 8% |
| Oil India | Rs 255 | Rs 19.5 | 8% |
| Power Finance Corporation | Rs 224 | Rs 13.25 | 6% |
| Oracle Financial Services | Rs 4,020 | Rs 225 | 6% |
| National Aluminium Company | Rs 93 | Rs 5 | 5% |
| Hindustan Petroleum Corp | Rs 293 | Rs 14 | 5% |
| Indian Railway Finance Corp | Rs 33 | Rs 1.43 | 4% |
| Torrent Power | Rs 609 | Rs 26 | 4% |
| NHPC | Rs 46 | Rs 1.9 | 4% |
| Nippon Life India Asset Management | RS 298 | Rs 11.5 | 4% |
| Indraprastha Gas | Rs 489 | Rs 18.5 | 4% |
| ICICI Securities | Rs 610 | Rs 22.5 | 4% |
| Canara Bank | Rs 326 | Rs 12 | 4% |
| NMDC | Rs 114 | Rs 3.75 | 3% |
Sanofi India holds the top position on the list, being the only company from the healthcare sector. The Axis Securities’ list was primarily dominated by companies from the financial sector, with 6 out of 15, REC, Power Finance Corporation, Indian Railway Finance Corp, Nippon Life India Asset Management, ICICI Securities, and Canara Bank representing the financial sector on the list.
Oracle Financial Services, with a dividend yield of 6%, was the sole representative from the IT sector to be included in the list of high-yielding Mid-Cap companies. On the list, Indian Railway Financial Corporation had the lowest dividend of Rs 1.43, however, it offered a dividend yield of 4%.
Sanofi India and Oracle Financial Services were the only two companies to have dividends in three digits, Rs 570 and Rs 225. Torrent Power, with a dividend of Rs 26, positioned itself at the 3rd spot on the list in terms of dividends. The lowest dividend payout was Rs 1.9 from NHPC.