The below table shows Metal Stocks With High Dividend Yields based on the Highest Market Capitalization.
Name | Market Cap (Cr) | Close Price (rs) |
Vedanta Ltd | 140495.48 | 378.2 |
National Aluminium Co Ltd | 33601.18 | 182.95 |
NLC India Ltd | 31275.59 | 225.55 |
Mishra Dhatu Nigam Ltd | 7841.12 | 418.55 |
Goa Carbon Ltd | 830.73 | 907.8 |
Pondy Oxides and Chemicals Ltd | 779.85 | 670.85 |
Manaksia Ltd | 708.75 | 108.15 |
Rajnandini Metal Ltd | 320.72 | 11.6 |
Content:
- What are Metal Stocks?
- Best Metal Stocks With High Dividend Yield
- Top Metal Stocks With High Dividend Yield
- List Of Metal Stocks With High Dividend Yield
- High Dividend Metal Stocks
- Who Should Invest In Metal Stocks With High Dividend Yield?
- How To Invest In Metal Stocks With High Dividend Yield?
- Performance Metrics Of Metal Stocks With High Dividend Yield
- Benefits Of Investing In Metal Stocks With High Dividend Yield
- Challenges Of Investing In Metal Stocks With High Dividend Yield
- Introduction to Metal Stocks With High Dividend Yield
- Metal Stocks With High Dividend – FAQs
What are Metal Stocks?
Metal stocks refer to shares of companies involved in the mining, processing, or production of metals. These stocks represent ownership in firms dealing with various precious and industrial metals, such as gold, silver, copper, and steel.
These companies can range from mining operations extracting raw materials to processors and manufacturers turning these raw metals into usable products. The performance of metal stocks often correlates with commodity prices and global economic conditions.
Investing in metal stocks can offer diversification and the potential for significant returns. However, they are also subject to market volatility influenced by geopolitical events, changes in demand, and regulatory developments in the mining sector.
Best Metal Stocks With High Dividend Yield
The table below shows the Best Metal Stocks With High Dividend Yields based on 1 Year Return.
Name | Close Price (rs) | 1Y Return (%) |
NLC India Ltd | 225.55 | 185.69 |
National Aluminium Co Ltd | 182.95 | 124.75 |
Mishra Dhatu Nigam Ltd | 418.55 | 114.31 |
Pondy Oxides and Chemicals Ltd | 670.85 | 102.12 |
Goa Carbon Ltd | 907.8 | 82.8 |
Vedanta Ltd | 378.2 | 35.56 |
Rajnandini Metal Ltd | 11.6 | -5.31 |
Manaksia Ltd | 108.15 | -14.74 |
Top Metal Stocks With High Dividend Yield
The table below shows the Top Metal Stocks With High Dividend Yield based on 1 Month Return.
Name | Close Price (rs) | 1M Return (%) |
Vedanta Ltd | 378.2 | 40.12 |
National Aluminium Co Ltd | 182.95 | 33.52 |
Goa Carbon Ltd | 907.8 | 22.27 |
Mishra Dhatu Nigam Ltd | 418.55 | 11.4 |
NLC India Ltd | 225.55 | 7.21 |
Manaksia Ltd | 108.15 | 3.38 |
Pondy Oxides and Chemicals Ltd | 670.85 | -3 |
Rajnandini Metal Ltd | 11.6 | -4.53 |
List Of Metal Stocks With High Dividend Yield
The table below shows a List Of Metal Stocks With High Dividend Yields based on the highest day Volume.
Name | Close Price (rs) | Daily Volume (Shares) |
Vedanta Ltd | 378.2 | 28859435 |
National Aluminium Co Ltd | 182.95 | 24435652 |
NLC India Ltd | 225.55 | 2671522 |
Mishra Dhatu Nigam Ltd | 418.55 | 547963 |
Rajnandini Metal Ltd | 11.6 | 188091 |
Goa Carbon Ltd | 907.8 | 100147 |
Manaksia Ltd | 108.15 | 87600 |
Pondy Oxides and Chemicals Ltd | 670.85 | 16102 |
High Dividend Metal Stocks
The table below shows a List of High Dividend Metal Stocks based on the PE Ratio.
Name | Close Price (rs) | PE Ratio (%) |
Mishra Dhatu Nigam Ltd | 418.55 | 69.07 |
Rajnandini Metal Ltd | 11.6 | 23.44 |
National Aluminium Co Ltd | 182.95 | 20.03 |
Vedanta Ltd | 378.2 | 19.47 |
Pondy Oxides and Chemicals Ltd | 670.85 | 14.37 |
NLC India Ltd | 225.55 | 11.4 |
Goa Carbon Ltd | 907.8 | 9.86 |
Manaksia Ltd | 108.15 | 6.91 |
Who Should Invest In Metal Stocks With High Dividend Yield?
Investors seeking steady income with potential growth might consider metal stocks with high dividend yields. These stocks are suitable for those looking for regular income streams in addition to the possibility of capital appreciation through industry growth.
High dividend yield metal stocks are attractive to risk-tolerant investors who are also interested in the commodities market. These stocks typically belong to established, financially stable companies that can afford to distribute a portion of their profits as dividends.
However, such investments carry risks related to commodity price fluctuations and economic downturns. Investors should have a good understanding of the sector’s cyclicality and be prepared for possible volatility in stock prices and dividend payouts.
How To Invest In Metal Stocks With High Dividend Yield?
To invest in metal stocks with high dividend yields, one effective strategy is using a brokerage like Alice Blue to access and purchase these stocks. This approach allows investors to benefit from dividends while participating in the metal industry’s growth potential.
When using Alice Blue, investors should start by researching the financial health and dividend history of metal companies. It’s crucial to look for firms with stable earnings and consistent dividend payments, which are indicators of a potentially reliable investment.
Additionally, it’s wise to diversify investments across various metal stocks to mitigate risks. Monitoring metal market trends and adjusting your portfolio when necessary can help maximize returns and manage potential downturns effectively.
Performance Metrics Of Metal Stocks With High Dividend Yield
Performance metrics of metal stocks with high dividend yields typically include dividend yield percentage, payout ratio, and price-to-earnings ratio. These indicators help investors gauge the stock’s profitability, financial health, and the sustainability of its dividends.
The dividend yield is calculated by dividing the annual dividends per share by the stock price. A high dividend yield may indicate a good income generation opportunity, but it’s important to consider the payout ratio to ensure the dividends are sustainable.
The price-to-earnings ratio helps investors assess if the stock is overvalued or undervalued relative to its earnings. Evaluating these metrics together provides a comprehensive view of the stock’s performance and potential risks, guiding investment decisions.
Benefits Of Investing In Metal Stocks With High Dividend Yield
The main benefit of investing in metal stocks with high dividend yield is the potential for stable income through dividends, coupled with capital appreciation. These stocks can offer regular cash flow and may act as a hedge against inflation, increasing overall portfolio resilience.
- Steady Income Stream: Metal stocks with high dividend yields provide regular dividend payments, turning investments into sources of consistent income. This can be especially appealing for retirees or those seeking a passive income, as it offers financial returns without selling the stock.
- Inflation Hedge: Investing in metal stocks can serve as a protective measure against inflation. Metals like gold and silver typically retain or increase their value during times of inflation, thus preserving the purchasing power of your investment.
- Capital Appreciation Potential: Besides the regular dividends, metal stocks often have the potential for capital gains. As the demand for metals increases with global economic growth, the value of these stocks can rise, providing significant returns over time.
- Portfolio Diversification: Including metal stocks with high dividend yields in an investment portfolio can diversify risks. Metals react differently to economic changes than other assets, offering a balance that can reduce overall portfolio volatility.
Challenges Of Investing In Metal Stocks With High Dividend Yield
The main challenge of investing in metal stocks with high dividend yields is their sensitivity to global economic fluctuations, commodity price volatility, and geopolitical events. These factors can significantly impact profitability and, consequently, dividend payments and stock values.
- Market Volatility: Metal stocks are highly susceptible to fluctuations in global commodity prices. Changes in supply and demand, driven by economic indicators, can lead to sudden and significant price swings, affecting stock values and the stability of dividend yields.
- Geopolitical Risks: Metals markets can be affected by political instability in key producing regions. Changes in government policies, trade restrictions, or conflicts can disrupt supply chains, impacting the profitability of metal companies and their ability to maintain dividends.
- Economic Sensitivity: Metal stocks often react to broader economic cycles. During economic downturns, decreased industrial demand for metals can reduce company earnings, jeopardizing dividend payments and stock performance.
- Regulatory Challenges: The metal industry faces stringent environmental regulations which can lead to increased costs. Compliance with these regulations can affect profit margins, thereby impacting dividend payouts and requiring significant capital investments.
Introduction to Metal Stocks With High Dividend Yield
Vedanta Ltd
The Market Cap of Vedanta Ltd is ₹140,495.48 crore. The stock has returned 35.56% in the past month and 40.12% over the past year. It is currently 1.52% away from its 52-week high.
Vedanta Limited is an India-based company engaged in diverse natural resources sectors including oil and gas, metals like zinc, lead, silver, copper, and aluminum, as well as power generation and glass substrate production. Their extensive product range features aluminum ingots, wire rods, billets, and various rolled products. These cater to industries such as renewable energy, transportation, construction, packaging, and more.
In addition to metals, Vedanta produces iron ore and pig iron, serving the construction, infrastructure, and steelmaking sectors. Their copper products include copper rods, cathodes, and bars, which are essential for electrical and wiring applications. The company’s crude oil is marketed to both public and private refineries, while its natural gas supports the fertilizer industry and city gas distribution in India.
National Aluminium Co Ltd
The Market Cap of National Aluminium Co Ltd is ₹33,601.18 crore. The stock has returned 124.75% in the past month and 33.52% over the past year. It is currently 3.20% away from its 52-week high.
National Aluminium Company Limited, based in India, is engaged primarily in producing and selling alumina and aluminum. It operates through two main segments: Chemical and Aluminium. The Chemical segment deals with products like calcined alumina and alumina hydrate, while the Aluminium segment focuses on aluminum ingots, wire rods, billets, strips, and other related products.
The company manages a substantial operation with a 22.75 lakh tons per annum alumina refinery in Damanjodi, Koraput district, Odisha, and a 4.60 lakh TPA aluminum smelter in Angul, Odisha. Additionally, it operates a 1200-megawatt captive thermal power plant next to the smelter and four wind power plants in Andhra Pradesh, Rajasthan, and Maharashtra, totaling 198.40 MW capacity.
NLC India Ltd
The Market Cap of NLC India Ltd is ₹31,275.59 crore. The stock has returned 185.69% in the past month and 7.21% over the past year. It is currently 30.24% away from its 52-week high.
NLC India Limited is a prominent Indian company involved in mining lignite and coal, as well as power generation using both conventional and renewable energy sources. The company operates through two primary segments: Mining and Power generation. It has a significant mining capacity, including a lignite mining capacity of about 30.1 million metric tons per annum (MTPA) and a coal mining capacity of 20 MTPA. Its mining assets include the open-cast coal mine, Talabira II and III, and four open-cast lignite mines: Mine I, Mine II, Mine IA, and Barsingsar Mine.
The company runs five lignite-based thermal power stations, four of which are located in Neyveli, Tamil Nadu, and one in Barsingsar, Rajasthan. Together, these facilities have a combined capacity of approximately 3,640 megawatts (MW). Additionally, NLC India boasts a renewable energy capacity of around 1,421.06 MW, with the majority, 1,370.06 MW, coming from solar energy, and the remainder, 51 MW, generated from wind energy sources.
Mishra Dhatu Nigam Ltd
The Market Cap of Mishra Dhatu Nigam Ltd is ₹7,841.12 crore. The stock has returned 114.31% in the past month and 11.40% over the past year. It is currently 30.81% away from its 52-week high.
Mishra Dhatu Nigam Limited, an India-based entity, primarily focuses on manufacturing superalloys, titanium, special steel, and other special metals. The company specializes in producing superalloys and various semi-finished forms of other alloy steel, including nickel-based and titanium-based alloys. It also offers a diverse range of products like long and flat products, as well as open die forgings and investment castings.
Additionally, Mishra Dhatu Nigam Limited extends its expertise to special products like biomedical implants, fasteners, and welding consumables. Complementing its manufacturing capabilities, the company provides a suite of services encompassing testing, evaluation, and consultancy. These services cover chemical analysis, mechanical testing, non-destructive testing, and magnetic testing, supporting their diverse product lines.
Goa Carbon Ltd
The Market Cap of Goa Carbon Ltd is ₹830.73 crore. The stock has returned 82.80% in the past month and 22.27% over the past year. It is currently 11.15% away from its 52-week high.
Goa Carbon Limited, based in India, specializes in producing calcined petroleum coke. It primarily serves aluminum smelters, graphite electrodes, refractory, and titanium dioxide manufacturers, along with other metallurgical and chemical industries. The company boasts a significant production facility in southern Goa, with a capacity of roughly 308,000 million tons per annum, located about 40 kilometers from the Mormugao port.
Additionally, Goa Carbon operates two more plants: one in Bilaspur, Chattisgarh with a production capacity of 40,000 million tons per annum, and another in Paradeep, Orissa, positioned just eight kilometers from the Paradip port, which handles about 168,000 million tons annually. The company packages its calcined petroleum coke in various container types including jute, HDPE, and paper bags, as well as bulk bags and loose bulk for truck or ship transport.
Pondy Oxides and Chemicals Ltd
The Market Cap of Pondy Oxides and Chemicals Ltd is ₹779.85 crore. The stock has returned 102.12% in the past month and has decreased by 3.00% over the past year. It is currently 35.10% away from its 52-week high.
Pondy Oxides and Chemicals Limited, based in India, focuses on producing lead, lead alloys, and plastic additives. The company primarily transforms various forms of lead scrap into refined lead metal and its alloys. It specializes in smelting lead battery scrap to create secondary lead metal, which is then processed into pure lead and specific lead alloys, including the manufacture of Zinc metal and Zinc Oxide.
The company’s product range spans lead, tin, aluminum, copper, and plastic, with lead products including lead alloys, master alloys, and babbit alloys. These lead alloys are used in various applications such as radiation shielding, ammunition, roofing sheets, and extruded products. Additionally, their lead-based products find extensive use in the electronics, plumbing, and automotive industries. Pondy Oxides and Chemicals serves an international clientele, primarily in Asia, including markets like Japan, South Korea, Thailand, and the Middle East.
Manaksia Ltd
The Market Cap of Manaksia Ltd is ₹708.75 crore. The stock has decreased by 14.74% in the past month but has gained 3.38% over the past year. It is currently 79.57% away from its 52-week high.
Manaksia Limited, an India-based holding company, focuses on manufacturing aluminum, packaging products, and iron and steel. It operates through three segments: Packaging Products, Metal Products, and Others. The Metal Products segment produces aluminum and steel galvanized sheets, coils, and various metal closures and containers.
The Packaging segment primarily manufactures and sells kraft paper. Meanwhile, the Others segment engages in trading spare parts for machines, including paper machines and consumables. Manaksia’s operations span both domestic and international markets, with manufacturing units in Nigeria, Ghana, and West Bengal, India. Its subsidiaries include MINL Ltd., Manaksia Overseas Ltd, and Manaksia Ferro Industries Ltd.
Rajnandini Metal Ltd
The Market Cap of Rajnandini Metal Ltd is ₹320.72 crore. The stock has declined by 5.31% in the past month and 4.53% over the past year. It is currently 84.05% away from its 52-week high.
Rajnandini Metal Limited, based in India, primarily operates in the manufacture and trade of various metals, including steel and iron, along with related products like chemicals and petroleum products. The company serves as a fabricator, contractor, and distributor dealing extensively in both ferrous and non-ferrous metals such as steel, aluminum, copper, and brass, among others.
Their product range is diverse, featuring copper rods, annealed and fine copper wires, bunched copper wire, and submersible wires and cables. Rajnandini Metal offers its services to a wide array of industries, including steel, automotive, engineering (both light and heavy), construction, chemical, and electronics, showcasing its versatility and broad market reach.
Metal Stocks With High Dividend – FAQs
Best Metal Stocks With High Dividend Yield #1: Vedanta Ltd
Best Metal Stocks With High Dividend Yield #2: National Aluminium Co Ltd
Best Metal Stocks With High Dividend Yield #3: NLC India Ltd
Best Metal Stocks With High Dividend Yield #4: Mishra Dhatu Nigam Ltd
Best Metal Stocks With High Dividend Yield #5: Goa Carbon Ltd
The Top Best Metal Stocks With High Dividend Yield based on market capitalization.
The top metal stocks with high dividend yields include Vedanta Ltd, National Aluminium Co Ltd, NLC India Ltd, Mishra Dhatu Nigam Ltd, and Goa Carbon Ltd. These companies offer attractive dividend yields to investors, reflecting their stable financial performance and commitment to rewarding shareholders.
Yes, you can invest in metal stocks with high dividend yield. Look for companies with strong financials, consistent profitability, and a history of paying dividends. Conduct thorough research on factors such as market trends, commodity prices, and company fundamentals before making investment decisions in the metal sector.
Investing in metal stocks with high dividend yields can be beneficial for income-oriented investors seeking stable returns. However, it’s essential to consider factors like market volatility, commodity price fluctuations, and industry trends. Diversifying your portfolio and conducting thorough research can help mitigate risks associated with the metal sector.
To invest in metal stocks with high dividend yield, research companies with solid financials and dividend track records. Open a brokerage account with a reputable platform. Utilize screening tools to identify promising metal stocks. Monitor market trends and company news regularly. Execute buy orders for selected stocks through your brokerage platform.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.