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    Investors reap high returns on dividend paying stocks in 2023

    Synopsis

    ​​The difference of 21% in these returns has been the highest since 2007 according to the data from Bloomberg. TCS and ITC, each of which has 9% weight in the dividend index, recorded double digit returns of 16% and 36% respectively in 2023 while HCL Technologies with 5% weight gained 42%. NTPC, Coal India, and Power Grid Corporation of India were other index constituents which gained handsomely in 2023.

    ET Intelligence group: This has been a rare year when investment in high dividend paying stocks, one of the safest equity investment strategies, has generated higher return than the benchmark indices. The Nifty Dividend Opportunity 50 index has gained 41% in 2023 so far compared with the 20% return of the benchmark Nifty 50. The difference of 21% in these returns has been the highest since 2007 according to the data from Bloomberg. TCS and ITC,
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    The Economic Times