Investing in high dividend yield stocks is always a great choice for investors to invest their money. These stocks have always been considerable for many reasons. Investors love these stocks because these companies generate good cash flows year after year, are run by efficient managements who are also shareholder-friendly. These stocks also provide a natural protection against a downside to the stock value. Here I am sharing some good Indian dividend stocks to buy that have high yields.
IL&FS Investment managers Ltd. (NSE: IVC) -
Infrastructure Leasing & Financial Services Limited is one of the India's leading financial services companies. It was established in 1987. The company invests in various sectors such as telecommunications, city gas distribution, shipyards, retail and media. It has a significant focus on investment banking, asset management and infrastructure financing. IL&FS Investment Managers funds include purpose private equity, real estate and infrastructure. Earlier shareholders of IL&FS include IFC (Washington), HSBC and GIC (Singapore).
The company has a market capitalization of 4.43 Billion, EPS is 3.59, P/E ratio is 5.90 and the dividend yield is 7.08% at the annual dividend payout of 1.50.
NIIT Technologies Ltd. (NSE: NITTECH) -
NIIT Technologies Limited is an information technology solutions organization which is servicing customers in North America, Europe, Middle East, Asia and Australia. The company is engaged in services of Application Development and Maintenance, Managed Services, IP Asset or Platform Solutions and business process outsourcing to organizations in the financial services, travel and transportation, manufacturing/distributing, healthcare and government sectors. In August 2011, the company acquired proyecta Sistemas de Informacion S.A.
It has a market capitalization of 15.81 Billion, EPS is 21.27, P/E ratio is 12.30 and the dividend yield is 3.23% at the annual dividend payout of 8.50.
Hinduja Global Solutions Ltd (NSE: HGS) -
Hinduja Global Solutions Limited is a global business process and customer relationship management company. It is engaged in information technology enabled services. The company and its subsidiaries offer voice and non-voice based services, such as contact center solutions and back office transaction processing across North America, Europe and Asia. As of March 31, 2012, HGS had 50 centers across its global operations. During fiscal 2012, operations started in Netherlands, Germany, Italy and France. The company announced the opening of its new delivery center in Hyderabad, in March 2013.
The company has a market capitalization of 5.25 Billion, EPS is 39.56, P/E ratio is 6.45 and the dividend yield is 7.84% at the annual dividend payout of 20.00.
Vijaya Bank (NSE: VIJAYABANK) -
Vijaya Bank is an Indian-based bank. It is one of the nationalized banks in India. It operates in four segments: treasury which includes all investment portfolio, profit/loss on sale of investments, equities, income from derivatives and money market operations. Corporate/wholesale banking segment includes lending and deposits from corporate customers. Third is Retail Banking segment which includes lending and deposits from retail customers and Other Banking Operations segment includes all other operations not covered under other segments. The company floated Jnana Jyoti Financial Literacy & Credit Counseling Trust, jointly with Syndicate Bank.
It has a market capitalization of 25.84 Billion, EPS is 11.12, P/E ratio is 4.69 and the dividend yield is 4.79% at the annual dividend payout of 2.50.
ISMT LTD. (NSE: ISMTLTD) -
ISMT Limited is an Indian-based Company. It is engaged in manufacturing seamless tubes and engineering steels. It also manufactures variety products, such as cold rolled and machined rings for bearings and constant velocity joints, swaged and machined axles for trucks, steering columns for two-wheelers and ready-to-hone tubes for hydraulic cylinders. The company produces carbon, alloy and martensitic stainless steel bars with a special emphasis on ultra-clean steels, free machining steels, bearing steels, and on other specially engineered steel grades.
It has a market capitalization of 1.85 Billion, EPS is 6.94, P/E ratio is 1.81 and the dividend yield is 5.95% at the annual dividend payout of 0.75.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.