Dividend stocks of NIFTY 500: Companies with the highest dividend yield over the last 5 years

The high dividend yield symbolises stocks providing an advantage of income through dividends along with capital appreciation, making them an attractive option for those looking for regular income. The dividend yield represents the financial ratio that shows how much a company pays out in dividends each year relative to its stock price.

The current dividend yield of the NSE 500 stands at 1.05%, lower than 1.36% five years ago. However, stocks from the healthcare and banking space have shown consistent dividend payouts, with Aster DM Healthcare stock reporting a 5.84% dividend yield in the last 5 years, the highest among the NSE 500 stocks.

Here are the NSE 500 Top 7 stocks with the highest dividend yield in the last 5 years

(Source - Trendlyne)

Aster DM Healthcare Ltd

Over the last five years, the company has offered a dividend yield of 5.84%, making it one of the highest-yielding stocks in the NSE 500 index.

Since April 2024, the company has announced two dividends. Recently in April, Aster DM Healthcare declared a large special equity dividend of ₹120 per share on account of the receipt of proceeds from the sale of the GCC business, With its current share price at ₹411, the dividend yield stands at an impressive 29.31% largely due one-time special dividend.

Power Finance Corporation Ltd (PFC)

Over the last five years, PFC has provided a dividend yield of 2.12%. Since its inception, the company has declared 39 dividends, with the most recent amounting to ₹16.75 per share over the past 12 months. At its current share price of ₹489.75, PFC's dividend yield is 3.42%.

Chennai Petroleum Corporation Ltd (CPCL)

Over the past five years, the stock has delivered a dividend yield of 1.90%. CPCL has declared 19 dividends since 2000, with a recent equity dividend of ₹55 per share in the last 12 months. At its current share price of ₹882.70, the dividend yield is 6.23%.

UTI Asset Management Company Ltd

In the last five years, UTI Asset Management has provided a dividend of 1.75%.

The company has declared six dividends since 2020, with an equity dividend of ₹47 per share in the past 12 months. With the current share price at ₹1306.65, UTI’s dividend yield is 3.60%.

Bank of Baroda Ltd

The bank has provided a 1.33% dividend yield over the past five years, Since 2001, Bank of Baroda has declared 25 dividends with the latest being ₹7.60 per share in the past 12 months. At its current share price of ₹239.65, the dividend yield is 3.17%.

Canara Bank Ltd

Over the last five years, the bank has maintained a dividend yield of 1.31%. Canara Bank has declared 20 dividends since 2003, with the most recent being ₹3.22 per share in the past year. At a share price ₹106.08, the dividend yield is 3.04%.

Ujjivan Small Finance Bank Ltd

Since its first dividend declaration in March 2023, the bank has announced three dividends. Over the last 12 months, Ujjivan declared an equity dividend of ₹1.50 per share, leading to a dividend yield of 3.50% at its current price of ₹42.84.

The dividend yield stocks offer the dual advantage of regular income and potential appreciation in stock price. In the above table, we can see that Aster DM Healthcare tops the dividend yield, due to the one-time special dividend of ₹120 per share, While banking and finance companies PFC, Bank of Baroda, Canara, and Ujjivan Small Finance delivered a yield over 3% in last one year period.