Top 8 Dividend Stocks Under Rs 100 for Long-Term Investment
Investing in dividend stocks can be a rewarding strategy for those seeking consistent income and potential capital appreciation over the long term. Below are recommendations of dividend stocks under Rs 100 that have consistently paid higher dividends, making them attractive for investors looking to build a robust dividend income stream. Before making any investment decisions, always conduct thorough research and consider seeking professional advice.
1. N?ów Metallurgical Corporation (NMDC) - Rs 84.50
As a Public Sector Undertaking (PSU) stock, NMDC is a prime candidate for long-term investment due to its consistent profits and reliable dividend payments. The company currently offers a dividend yield of 6.27%, indicating a stable income stream for investors.
2. Nampil Hydro Power Corporation (NHPC) - Rs 20.35
A PSU sector stock, NHPC is well-known for its profitability and consistent dividend payments. With a dividend yield of 7.37%, this stock provides a strong value proposition for long-term investors.
3. Oil and Natural Gas Corporation (ONGC) - Rs 78.50
ONGC is another PSU stock with a proven track record of profitability and dividend payments. Offering a dividend yield of 6.37%, this stock is suitable for those seeking sustainable income through long-term holding.
4. GAIL - Rs 102
A PSU stock in the natural gas industry, GAIL offers a dividend yield of 6.22%, making it an attractive choice for investors interested in energy sector dividends.
5. Renewable Energy Corporation (REC) - Rs 104
REC is a PSU stock in the electrical industry with a dividend yield of 10.48%. This high yield underscores its strong financial health and potential for future growth.
6. Power Trading Corporation (PTC) - Rs 49
Specializing in power trading, PTC is a public company that has demonstrated profitability. With a dividend yield of 11.03%, this stock is an excellent choice for those looking to bolster their income streams.
7. Indian Oil Corporation (IOC) - Rs 86
As a refinery sector PSU, IOC is available at a relatively low price, making it an attractive option for long-term investors. The company offers a dividend yield of 5%, providing a steady income base.
8. Fujitsu Software Limited (FSL) - Rs 43.50
FSL is a computer software company that has garnered attention through investments by Rakesh Jhunjhunwala. This company provides a dividend yield of 5.75%, aligning well with the criteria for long-term dividend investments.
It is important to note that the dividend yield of a stock can vary based on its profitability in the previous year, and future dividends will depend on the company’s financial performance.
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Disclaimer:
This content is for informational purposes only. Before making any investment decisions, consult with a professional financial advisor to align your investments with your financial goals and risk tolerance.