Bank stock jumps 5% after Tikri Partners bought 2.2% stake in the company via bulk deal
Dividends have long been the investor’s secret to building steady passive income, especially during volatile market phases. These are regular payouts made by companies from their profits, often rewarding shareholders just for holding the stock. And when chosen wisely, dividend-paying stocks can offer the perfect balance of consistent income and long-term capital appreciation.
But with thousands of stocks out there, how do you spot the right dividend picks without spending hours sifting through financial reports?
That’s where InvestingPro’s stock screener comes in which is one of the most powerful tools designed to cut through the noise. With a few clicks, investors can isolate high-quality companies that meet specific financial criteria. Among its several ready-to-use screeners, “I Dream Dividends” is tailor-made for dividend enthusiasts.
This pre-built screener filters out companies that not only offer high dividend yields but also have a strong history of consistent dividend payments and remain solidly profitable. It does all the hard work so you don’t have to.
Take Vedanta (NSE:VDAN) Ltd, a current standout in this screener. The stock is yielding a massive 9.5% dividend, making it one of the most generous payers in the large-cap space. But the appeal doesn’t stop there. Vedanta is trading at a P/E ratio of just 11.9, positioning it as one of the cheapest fundamentally strong stocks in its category.
And if you’re wondering whether it’s undervalued, InvestingPro’s Fair Value feature estimates Vedanta’s intrinsic value at INR 537.4, suggesting a 17.3% upside from its current market price of INR 458.1. Adding further weight, 15 analysts tracking the stock have an average target price of INR 511.6, indicating 11.5% more potential upside.
It’s opportunities like these that “I Dream Dividends” uncovers, giving investors not just high-yield plays, but those with genuine upside potential backed by fundamentals.
If you’re serious about growing your passive income and want access to more such high-quality dividend stocks (and several other premium screeners), InvestingPro is your go-to platform. And right now, there’s even more reason to act as there are discounts of up to 45% available for a limited time.
Don’t miss out. Great dividends and better valuations await, for which you just need the right tools to find them.
Read More: Bharat Mid-Cap Movers: Booked Gains Up to 37%, Portfolio up 13.1%!
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