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  • High Yield Indian Dividend Stocks From Banking Sector 0 comments
    Jun 10, 2013 4:08 AM

    In Indian stock market most of the trading takes place on its two stock exchanges: the Bombay Stock Exchange (NYSE:BSE) and the National Stock Exchange (NSE). The BSE has been in existence since 875. The NSE, on the other hand, was founded in 1992 and started trading in 1994. If an investor wants to make a portfolio investment in India, he should be registered either as a foreign institutional investor or as one of the sub-accounts of one of the registered FIIs. Here I am sharing some High dividend paying stock India from banking sector.

    Oriental Bank of Commerce (NSE: ORIENTBANK) -

    Oriental Bank of Commerce is an India-based commercial bank. It is one of the public sectors banks in India and based in Lahore. The bank operates in four segments: treasury operations, corporate or wholesale banking, retail banking and other banking business operations segment which includes all other banking operations not covered under treasury, wholesale banking and retail banking segments. As of March 31, 2011, the bank operated 1620 branches. During the fiscal year ended March 31, 2011, it had opened 84 new branches besides up gradation of 28 extension counters.

    The company has a market capitalization of 70.91 Billion, EPS is 45.52, P/E ratio is 5.34 and the dividend yield is 3.79% at the annual dividend payout of 9.20.

    Bank of Baroda (NSE: BANKBARODA) -

    Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara.it is a provider of deposit loans, retail loans, credit cards and debit cards. The bank offers a range of banking products and financial services to corporate and retail customers through its branches and through its specialized subsidiaries and affiliates in the areas of retail banking, investment banking, credit cards and asset management. The company operates in four segments: Treasury, Corporate/ Wholesale Banking, Retail Banking and Other Banking Operations.

    It has a market capitalization of 271.20 Billion, EPS is 42.51, P/E ratio is 15.14 and the dividend yield is 3.34% at the annual dividend payout of 21.50.

    Indian Bank (NSE: INDIANB) -

    Indian Bank is an Indian state-owned financial services company headquartered in Chennai, India. It is the only Indian bank other than State Bank of India to feature in the List of Fortune 500 Companies in the World. It has 22,000 employees, 2090 branches and is one of the big public sector banks of India. As of March 31, 2012 it operated 1,955 branches, comprising 520 Rural, 549 Semi Urban, 500 Urban and 386 Metropolitan branches. The bank has three foreign branches in Singapore, Colombo and Jaffna. It has four business segments: Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

    The bank has a market capitalization of 61.41 Billion, EPS is 20.13, P/E ratio is 7.10 and the dividend yield is 4.62% at the annual dividend payout of 6.60.

    Syndicate Bank Ltd (NSE: SYNDIBANK) -

    Syndicate Bank is one of the oldest and major commercial banks of India. It provides a range of banking services. The Bank's services include short message service banking, Mobile banking, national electronic funds transfer, real-time gross settlement, internet based services and Payment gateway services. During the fiscal year 2012, the Bank added 30 automated teller machines. Its SyndNivasPlus is a pre-approved top-up loan product for SyndNivas borrowers with prompt repayment track for two years from the date availment.

    It has a market capitalization of 77.05 Billion, EPS is 36.65, P/E ratio is 3.49 and the dividend yield is 5.23% at the annual dividend payout of 6.70.

    Indian Overseas Bank (NSE: IOB) -

    Indian Overseas Bank is a major bank based in Chennai with more than 2650 domestic branches, 3 extension counters and six branches overseas as of 31.03.2012. The bank provides various banking services, including saving bank, current accounts, credit facilities and other services. The bank operates in four segments: Treasury, Corporate/Wholesale Banking, Retail banking and other banking Operations.

    The bank has market capitalization of 47.02 Billion, EPS is 14.85, P/E ratio is 3.97 and the dividend yield is 3.39% at the annual dividend payout of 2.00.

    Our site http://in.dividendinvestor.com/ provides the additional data related to Best dividend paying stocks in India, Indian dividend stocks to buy, Indian dividend stocks, Indian dividend and Indian dividends.

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