REC Ltd
REC is a Navratna NBFC focusing on power sector financing and development across India. Trading at an inexpensive PE multiple of 2.3x, the PSU stock comes with the highest dividend yield of 14 %
SAIL (Steel Authority of India Ltd)
Steel stocks have been under pressure this year due to softening metal prices. Shares of PSU company Steel Authority of India (SAIL), which has dropped almost 35 per cent so far in 2022, come with a very attractive dividend yield of 14%.
PFC (Power Finance Corporation)
Shares of power sector finance PFC have dropped nearly 33 per cent from its 52-week high amid weak market conditions. Brokerages see an upside of 62 per cent on an average in the stock. The PSU stock's dividend yield stands at 12.5%.
PTC India
PTC India is the fourth PSU stock that comes with a dividend yield in double digits - 10.5%. The stock is, however, trading near its 52-week lows.
Coal India
Unlike many other PSU stocks with high dividend yields, mining stock Coal India has been among the top performers recently. Its shares have rallied nearly 29 per cent in 2022 and on top of it the dividend yield stood at 9.5%.
HUDCO
State-owned NBFC HUDCO or Housing and Urban Development Corporation has a dividend yield of 8.5%. The stock, however, has fallen 39 per cent from its 52-week high.
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