🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

How to Find High Dividend-Paying Shares? Unveiling One

Published 05/28/2024, 10:21 AM
Updated 06/07/2024, 06:57 AM
COAL
-

In the expansive world of stock market investing, finding high-quality dividend stocks among over 2,000 options can be daunting. This is where the "I Dream of Dividends" screener becomes invaluable. Among the stocks identified by this powerful tool, Coal India Limited stands out.

Coal India Limited

Coal India Ltd (NS:COAL), the largest coal producer globally, boasts a market capitalization of INR 3,08,752 crore. Over the past year, the stock has delivered an impressive 112.9% return, yet it remains attractively priced with a single-digit TTM P/E ratio of 9.19. Its strong financial health score of 4 out of 5 highlights the company's robust fundamentals.

Offer: You can now get InvestingPro+ at a steep discount of up to 69%, for INR 526/month, for a very limited time. Investors are already taking advantage of such a mouth-watering price to ramp up their investing game. In case you are finally ready to up your investing journey, Click here before time runs out.

Image Source: InvestingPro+

Profitability is crucial for any dividend-paying company, and Coal India's net income of INR 37,402.29 crore in FY24, the highest in its history, underscores its financial strength. Moreover, ProTips indicates that Coal India has consistently paid dividends for over 14 years, further cementing its reputation as a cash-rich company with more cash on hand than debt.

Image Source: InvestingPro+

Currently, Coal India offers a dividend yield of 4.96%, the highest among all Nifty 50 stocks. Finding a blue-chip company with such an impressive yield is rare. InvestingPro+ provides a comprehensive view of Coal India’s dividend payout history through easy-to-read histogram charts, which visualize the payout trend and assist in making informed investment decisions. For example, these charts reveal that Coal India has maintained an average payout of around INR 18.5 per share over the past decade, indicating stability in its dividend payments—a crucial factor for any dividend stock.

Image Source: InvestingPro+

The dividend yield chart is another powerful tool that considers both the share price and dividend per share (DPS), plotting the yield trend over time. This helps investors gauge yield trends and compare them with historical data, significantly improving the timing of investment entries. For instance, the yield line for Coal India has flattened out since February 2024, suggesting that yields are no longer dropping. This could signal a potential reversal, indicating that either the stock price has stabilized or the DPS is steady—both positive signs for a dividend stock.

With its robust algorithms and user-friendly interface, the "I Dream of Dividends" screener empowers investors to efficiently sift through a vast array of stocks, saving valuable time while maximizing returns. Whether you're a seasoned investor or a novice, this powerful tool streamlines the process, allowing you to focus on what truly matters—building a high-quality dividend portfolio.

Say goodbye to tedious manual searches and hello to a smarter, more efficient way to invest with InvestingPro+ by Clicking here, now available at a discount of 69%, for INR 526/month.

X (formerly, Twitter) - Aayush Khanna

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.