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Mid-cap companies often strike the perfect balance between growth and stability, and several of them also deliver strong dividend payouts. For investors seeking both capital appreciation and passive income, dividend-paying mid-cap stocks can be a sweet spot. This list, curated by Axis Securities, features the top mid-cap stocks that have delivered the highest dividend yields over the past 12 months.
These companies span across industries and reflect solid fundamentals with a consistent track record of rewarding shareholders. NALCO tops the mid-cap list with a dividend payout of Rs 10 per share in the past 12 months, delivering a dividend yield of 7%. NMDC paid a total dividend of Rs 3.
8 per share, resulting in a dividend yield of 6% for investors. IGL rewarded shareholders with Rs 10.5 per share in dividends, translating to a dividend yield of 6% over the past year.
Canara Bank declared Rs 3.22 per share as dividends in the past year, resulting in a dividend yield of 4%. Oil India paid Rs 12.
5 per share in dividends, contributing to a dividend yield of 4% over the last 12 months. Petronet LNG distributed Rs 10 per share in dividends, leading to a dividend yield of 4%. Nippon Life India AM announced Rs 19 per share as dividends, offering a dividend yield of 4%.
Oracle Financial paid Rs 240 per share in dividends, which translates to a dividend yield of 3%, making it a notable income stock in the IT space. Bank of Maharashtra declared Rs 1.4 per share in dividends, resulting in a dividend yield of 3%.
HPCL delivered a dividend of Rs 11 per share, offering a dividend yield of 3% over the past 12 months. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times).
