Higher than FD returns: 5 stocks with 7% to 13% dividend yields and continuous dividend payments for 12 years

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The recommendation rating for each stock has been used from Institutional Brokers Estimate System (I/B/E/S) by Refinitiv.

Synopsis

High dividend yielding stocks are not something which interests most investors. Everyone is looking for capital gains. However, there are many advantages to having high-dividend-yielding stocks in one’s portfolio. For the purpose of this report, we had kept the dividend yield of at least 7 percent as a benchmark. The reason for this is that dividend yield should be higher than the interest rate provided by banks on FDs. Another condition was that the company should have a track record of paying dividends, without interruption, for at least 12 years.

Passive income and stock markets may appear to be opposites. However, there are times when opportunities do arise when stocks are available at prices when their dividend yield is good. Dividend payment is not only a function of how much money a company is making but also a sort of habit of the management or its intent. There are many companies which are sitting on huge cash piles but their dividend-payout ratio is low. So, paying a continuous

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