Coal India, ONGC, and REC shares were among the top dividend-paying PSU scrips in the last one year, with yields of 10%, 8%, and 8%, respectively, according to a list of highest dividend-yielding PSU shares compiled by Axis Securities. Indian Railway Finance Corporation and Bank of Maharashtra were ranked at the bottom of the list with a 4% dividend yield for both.
Here’s a look at the highest dividend payouts and dividend-yielding PSUs:
| Company Name | CMP | Dividend (Past 12 Months) | Dividend Yield (Last 12 Months) |
| Coal India | Rs 232 | Rs 23.25 | 10% |
| ONGC | Rs 167 | Rs 14 | 8% |
| REC | Rs 161 | Rs 12.6 | 8% |
| Oil India | Rs 255 | Rs 19.5 | 8% |
| Balmer Lawrie Investment | Rs 414 | Rs 30 | 7% |
| Power Finance Corporation | Rs 224 | Rs 13.25 | 6% |
| Housing & Urban Development Corporation | Rs 60 | Rs 3.5 | 6% |
| National Aluminium Company | Rs 93 | Rs 5 | 5% |
| Power Grid Corporation of India | Rs 241 | Rs 12.25 | 5% |
| Balmer Lawrie & Company | Rs 136 | Rs 6.5 | 5% |
| Hindustan Petroleum Corporation | Rs 293 | Rs 14 | 5% |
| GAIL (India) | Rs 109 | Rs 5 | 5% |
| Rites | Rs 399 | Rs 18 | 5% |
| Indian Railway Finance Corporation | Rs 33 | Rs 1.43 | 4% |
| Bank of Maharashtra | Rs 31 | Rs 1.3 | 4% |
The list was dominated by companies from the Financial sector. REC, Balmer Lawrie Investment, Power Finance Corporation, Housing & Urban Development Corporation, Indian Railway Finance Corporation, and Bank of Maharashtra were the 6 companies out of 15 to make it to the list, with dividend yields of 8%, 7%, 6%, 6%, 4%, and 4%, respectively.
Besides ONGC, Oil India, Hindustan Petroleum Corporation, and GAIL (India) were the other three companies from the Oil & Gas Sector to make it to the list, with dividend yields of 8%, 5%, and 5%, respectively. Balmer Lawrie & Company is the only company from the IT Industry to make it to the list. However, despite having one of the highest dividends of Rs. 1,68,004, it had a dividend yield of 5%, which is one of the lowest on the list.