Highest dividend-yield mid-cap shares: Oil India, Sanofi, ICICI Sec, HPCL, Torrent Power, more

Dividend yielding shares: REC and Sanofi India shares were among the top dividend paying midcap scrips in the last financial year, with yields of 10% and 9% each in 2022-23, according to a list of highest dividend-yielding midcap shares compiled by Axis Securities. Sanofi India also paid out the highest dividend to its shareholders at Rs 570 per equity share, despite having the lowest market capitalisation on the list of top 15 such stocks. The lowest dividend-yielding firms on this list were Torrent Power, Indian Railway Finance Corporation, NHPC and Indraprastha Gas, with yields of 4%.

Here’s a look at the highest dividend payouts and dividend-yielding mid-caps:

Company Name	CMP	Dividend  (last financial year)	Dividend Yield
REC	Rs 134	Rs 13.05	10%
Sanofi India	Rs 6,355	Rs 570	9%
Oil India	Rs 259	Rs 19.5	8%
Glaxosmithkline Pharmaceuticals	Rs 1,277	Rs 90	7%
Oracle Financial Services Software	Rs 3,528	Rs 225	6%
National Aluminium Company	Rs 82	Rs 5	6%
Power Finance Corporation	Rs 167	Rs 10	6%
Hindustan Petroleum	Rs 264	Rs 14	5%
Petronet LNG	Rs 230	Rs 11.5	5%
Nippon Life India Asset Management	Rs 237	Rs 11.5	5%
ICICI Securities	Rs 495	Rs 22.5	5%
NHPC	Rs 44	Rs 1.9	4%
Indian Railway Finance Corporation	Rs 34	Rs 1.43	4%
Torrent Power	Rs 534	Rs 22	4%
Indraprastha Gas	Rs 494	Rs 18.5	4%

Five out of the fifteen companies listed belong to the financial sector, whereas the list comprises solely one IT firm and one company in the metals and mining sector. REC and Power Finance Corporation have the highest dividend yield among companies in the financial sector at 10% and 6% respectively.

Indian Railway Finance Corporation and NHPC have paid out the lowest dividends in the past 12 months, at Rs 1.9 and Rs 1.43 respectively, with a 4% yield each. Despite having the second largest market capitalisation at Rs 3,528 crore, Oracle Financial Services Software has a dividend yield of 6%. However, the dividends paid out to shareholders over the last 12 months are Rs 225, which is the second highest on this list and beats a number of large-cap companies’ dividend payouts.