New Delhi, Sept. 9 -- One of the safest instruments for risk averse investors, Public Provident Fund (PPF), offers an annual return of 7.1%. But there are certain dividend paying stocks that may offer investors more than this rate through dividends. One such stock is PTC India, its dividend yield beats the PPF interest rate.

Dividend yield is the percentage of annual dividend paid by a company relative to its current share price.

Power trading firm, PTC India, has a dividend yield of 14.85%. It has announced a total of Rs.26 dividend in one year. PTC India's dividend yield is higher than PPF interest rate of 7.1%.

The company has fixed October 7 as the record date for its upcoming dividend of 55% of its face value. PTC India's board of...