The stock market offers investors different ways to build wealth, and dividend-paying stocks can provide an additional source of income. For investors looking at shares priced below ₹200, Indian Oil Corporation, PTC India, Central Bank of India, and PTL Enterprises are four companies worth examining for their dividend payouts.
Based on BSE data as of October 23, 2026, these stocks recorded trailing dividend yields of 5.5%, 19%, 2.53%, and 6.25%, respectively. However, a high dividend yield does not automatically make a stock a good investment. Investors should also consider the company’s financial performance, dividend sustainability, and share price movements before making a decision.
Dividend yield measures the annual dividend paid per share as a percentage of its market price. It helps investors understand how much dividend income a stock may generate relative to its price.
4 Stocks Under ₹200 With High Dividend Yield
The following table highlights the closing market prices, dividend yields, and historical stock returns of the four companies.
| Stock Name | Closing Market Price (CMP) | Trailing Dividend Yield | 1-Year Stock Return | 2-Year Stock Return |
|---|---|---|---|---|
| IOC (Indian Oil) | ₹129.09 | 5.5% | -14% | -15.69% |
| PTC India | ₹133.50 | 19% | -19.36% | -22.60% |
| Central Bank of India | ₹28.84 | 2.53% | -26.84% | -45.84% |
| PTL Enterprises | ₹37.96 | 6.25% | -5.10% | -8.04% |
Source: BSE data as of October 23, 2026. Historical returns do not guarantee future performance.
1. Indian Oil Corporation (IOC) Dividend Yield
Indian Oil Corporation, one of India’s major oil marketing companies, has distributed a total dividend of ₹8.25 per equity share over the previous year. Based on the figures reported in the source, its annual dividend yield stood at 5.5%.
With a closing market price of ₹129.09, IOC may attract investors seeking exposure to the energy sector alongside potential dividend income. Nevertheless, the company’s earnings can be affected by crude oil prices, refining margins, fuel pricing policies, and other industry factors.
The stock recorded a negative return of 14% over one year and 15.69% over two years. Therefore, investors should assess both the dividend history and the possibility of capital losses before investing.
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2. PTC India Dividend Yield
PTC India reported a total dividend payout of ₹31.50 per equity share over the previous year. Its trailing dividend yield was listed at 19%, the highest among the four stocks featured in this comparison.
The stock closed at ₹133.50 on October 23, 2026. Its reported dividend yield may catch the attention of income-focused investors, but it is important to understand why the yield is so high and whether the payout can be maintained.
PTC India recorded negative returns of 19.36% over one year and 22.60% over two years. A falling share price can increase dividend yield even when the dividend amount remains unchanged. Consequently, investors should review the company’s financial position, cash flows, and future dividend policy rather than relying on yield alone.
3. Central Bank of India Dividend Yield
Central Bank of India is another stock trading below ₹200. It closed at ₹28.84, while its reported trailing dividend yield stood at 2.53%.
The bank announced a dividend of ₹1 per share over the previous year. Although its dividend yield is lower than those of IOC, PTC India, and PTL Enterprises, investors may still consider its financial performance and long-term prospects when evaluating the stock.
However, the share price recorded declines of 26.84% over one year and 45.84% over two years. These figures highlight why investors should examine a company’s overall performance instead of focusing exclusively on its dividend payout.
4. PTL Enterprises Dividend Yield
PTL Enterprises reported a dividend of ₹2.50 per share over the previous year. Based on the figures provided, its annual dividend yield stood at 6.25% for 2026.
The stock closed at ₹37.96 on October 23, 2026. Its dividend yield may appeal to investors exploring lower-priced shares that offer potential income alongside possible long-term growth.
PTL Enterprises recorded negative returns of 5.10% over one year and 8.04% over two years. Before investing, shareholders should examine the company’s earnings, dividend history, and ability to sustain future distributions.
Why Does Dividend Yield Matter?
Dividend yield helps investors estimate the annual dividend income they may receive relative to the price paid for a share. It is particularly useful for people who want to build a portfolio that generates periodic cash income.
For example, if a stock trades at ₹100 and pays an annual dividend of ₹5 per share, its dividend yield is 5%.
However, dividend income is only one part of an investment’s overall return. If the share price falls significantly, the loss in market value could outweigh the dividends received. Similarly, companies can reduce or suspend dividends depending on their financial performance and business requirements.
Investors should therefore consider dividend yield alongside earnings growth, debt levels, cash flow, valuation, and the company’s ability to maintain its dividend policy.
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Note: Dividend yields and stock returns are based on the figures provided in the source article. Market prices and dividend policies can change. Verify the latest company disclosures and market data before investing. This article is for informational purposes only and does not constitute investment advice.
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