Best Dividend Stocks in India
In the stock market, several high dividend paying companies stand out for their consistent and attractive dividend payouts, offering investors a reliable source of passive income. Here's the list of top dividend stocks in India.
Best Dividend Stocks in India
Dividend Stocks
List of Highest Dividend Yielding Stocks listed in NSE.
last updated at 9:45 PM IST
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Showing 1 - 20 of 28 results
last updated at 9:45 PM IST
| NameStocks (28)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓Dividend YieldDiv Yield↓ | ↓PE RatioPE Ratio↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Chennai Petroleum Corporation LtdCHENNPETRO | Oil & Gas - Refining & MarketingOil & Gas - Refining & Marketing | 9,338.989,338.98 | 627.15627.15 | 8.778.77 | 3.403.40 | -2.19-2.19 | -17.32-17.32 | -41.66-41.66 | 1.001.00 | 33.6933.69 | 35.5435.54 | |
| 2. | Indian Oil Corporation LtdIOC | Oil & Gas - Refining & MarketingOil & Gas - Refining & Marketing | 1,95,423.821,95,423.82 | 138.39138.39 | 8.468.46 | 4.684.68 | 3.503.50 | -9.71-9.71 | -17.99-17.99 | 1.041.04 | 25.1925.19 | 24.5024.50 | |
| 3. | Hyundai Motor India LtdHYUNDAI | Four WheelersFour Wheelers | 1,39,683.941,39,683.94 | 1,719.101,719.10 | 7.727.72 | 23.0523.05 | 0.700.70 | -8.13-8.13 | -5.52-5.52 | 13.1013.10 | 39.4539.45 | 62.9062.90 | |
| 4. | Bharat Petroleum Corporation LtdBPCL | Oil & Gas - Refining & MarketingOil & Gas - Refining & Marketing | 1,31,022.871,31,022.87 | 302.00302.00 | 6.856.85 | 4.884.88 | 6.786.78 | -6.05-6.05 | 1.791.79 | 1.731.73 | 41.5941.59 | 33.1933.19 | |
| 5. | Vedanta LtdVEDL | Metals - DiversifiedMetals - Diversified | 1,64,120.421,64,120.42 | 420.25420.25 | 6.696.69 | 38.7238.72 | -11.02-11.02 | -10.40-10.40 | 9.609.60 | 3.903.90 | 9.279.27 | 27.2527.25 | |
| 6. | Coal India LtdCOALINDIA | Mining - CoalMining - Coal | 2,46,416.692,46,416.69 | 399.85399.85 | 6.386.38 | 6.596.59 | -2.64-2.64 | -16.22-16.22 | -9.91-9.91 | 2.952.95 | 51.5251.52 | 28.4328.43 | |
| 7. | Castrol India LtdCASTROLIND | Commodity ChemicalsCommodity Chemicals | 20,640.0220,640.02 | 208.67208.67 | 6.236.23 | 22.2622.26 | -4.60-4.60 | 0.590.59 | -1.76-1.76 | 9.069.06 | 42.1542.15 | 53.5753.57 | |
| 8. | Hindustan Petroleum Corp LtdHINDPETRO | Oil & Gas - Refining & MarketingOil & Gas - Refining & Marketing | 83,080.8383,080.83 | 390.45390.45 | 5.385.38 | 5.195.19 | 7.707.70 | -3.53-3.53 | 20.1620.16 | 1.771.77 | 40.4540.45 | 23.9123.91 | |
| 9. | Gujarat Pipavav Port LtdGPPL | PortsPorts | 7,126.877,126.87 | 147.42147.42 | 4.954.95 | 20.8420.84 | 9.199.19 | -24.86-24.86 | -29.26-29.26 | 3.083.08 | 14.7914.79 | 19.0619.06 | |
| 10. | Oil and Natural Gas Corporation LtdONGC | Oil & Gas - Exploration & ProductionOil & Gas - Exploration & Production | 3,13,714.423,13,714.42 | 249.37249.37 | 4.914.91 | 6.376.37 | 2.622.62 | -7.33-7.33 | -10.73-10.73 | 0.860.86 | 14.7314.73 | 15.6215.62 | |
| 11. | Great Eastern Shipping Company LtdGESHIP | Oil & Gas - Storage & TransportationOil & Gas - Storage & Transportation | 13,093.1813,093.18 | 917.10917.10 | 4.784.78 | 5.015.01 | -2.70-2.70 | -26.79-26.79 | -14.13-14.13 | 1.061.06 | 23.0623.06 | 19.3419.34 | |
| 12. | UTI Asset Management Company LtdUTIAMC | Asset ManagementAsset Management | 14,384.8514,384.85 | 1,123.901,123.90 | 4.164.16 | 18.7918.79 | 5.765.76 | -8.15-8.15 | 18.5018.50 | 2.892.89 | 17.3217.32 | 19.6819.68 | |
| 13. | HCL Technologies LtdHCLTECH | IT Services & ConsultingIT Services & Consulting | 4,29,822.914,29,822.91 | 1,586.701,586.70 | 3.793.79 | 24.7024.70 | 0.710.71 | -14.00-14.00 | 7.267.26 | 6.306.30 | 23.4923.49 | 31.3431.34 | |
| 14. | RITES LtdRITES | Business Support ServicesBusiness Support Services | 11,499.8911,499.89 | 239.28239.28 | 3.763.76 | 25.2525.25 | -0.43-0.43 | -17.67-17.67 | -29.04-29.04 | 4.234.23 | 16.7416.74 | 23.6623.66 | |
| 15. | Tata Consultancy Services LtdTCS | IT Services & ConsultingIT Services & Consulting | 12,30,728.6512,30,728.65 | 3,401.603,401.60 | 3.653.65 | 25.3525.35 | -5.17-5.17 | -15.97-15.97 | -11.21-11.21 | 12.8512.85 | 51.9051.90 | 62.5962.59 | |
| 16. | REC LimitedRECLTD | Specialized FinanceSpecialized Finance | 1,15,848.691,15,848.69 | 439.95439.95 | 3.643.64 | 8.198.19 | 1.661.66 | -15.61-15.61 | 0.030.03 | 1.671.67 | 22.1922.19 | 3.573.57 | |
| 17. | Power Grid Corporation of India LtdPOWERGRID | Power Transmission & DistributionPower Transmission & Distribution | 2,92,410.982,92,410.98 | 314.40314.40 | 3.583.58 | 18.7818.78 | 9.139.13 | -1.49-1.49 | 8.268.26 | 3.363.36 | 18.3018.30 | 13.1913.19 | |
| 18. | NMDC LtdNMDC | Mining - Iron OreMining - Iron Ore | 59,801.9459,801.94 | 68.0268.02 | 3.553.55 | 10.7310.73 | -0.28-0.28 | -5.46-5.46 | -17.75-17.75 | 2.332.33 | 23.0623.06 | 29.4629.46 | |
| 19. | Hero MotoCorp LtdHEROMOTOCO | Two WheelersTwo Wheelers | 79,094.2979,094.29 | 3,954.503,954.50 | 3.543.54 | 21.1221.12 | 7.157.15 | -22.67-22.67 | -9.99-9.99 | 4.434.43 | 21.6421.64 | 27.0427.04 | |
| 20. | SKF India LtdSKFINDIA | Industrial MachineryIndustrial Machinery | 19,408.3619,408.36 | 3,925.803,925.80 | 3.313.31 | 35.1735.17 | 2.012.01 | -24.03-24.03 | -15.03-15.03 | 7.237.23 | 21.9721.97 | 27.0627.06 |
Overview of the Highest Dividend Stocks in India
Chennai Petroleum Corporation Ltd
A subsidiary of Indian Oil Corporation, Chennai Petroleum Corporation Ltd (CPCL) is a leading Indian refiner producing petroleum products, petrochemicals, and other essential fuels. As one of the dividend-paying shares in the oil refining sector, it operates state-of-the-art refineries and plays a critical role in energy supply for India’s southern region.
Indian Oil Corporation Ltd
Indian Oil Corporation Ltd (IOCL) is India's largest integrated energy company. As one of the best dividend stocks engaged in refining, transportation, and marketing petroleum products, it also ventures into natural gas and petrochemicals, driving innovation and sustainability in the energy sector.
Bharat Petroleum Corporation Ltd
Bharat Petroleum Corporation Ltd (BPCL) is a Fortune 500 company operating across refining, marketing, and distribution of petroleum products. It is considered one of the high dividend stocks known for its energy innovation. BPCL is pivotal in ensuring India's fuel security.
Coal India Ltd
Coal India Ltd (CIL) is the world’s largest coal producer and is one of the dividend-paying large-cap stocks. It ensures India's energy needs are met by supplying high-quality coal to power plants, industries, and other sectors.
Vedanta Ltd
Vedanta Ltd is a globally diversified natural resources company involved in mining, oil and gas, and metals production. Among the highest-paying dividend stocks, its portfolio spans zinc, aluminum, iron ore, and copper, making it a key player in India's resource economy.
Advantages of Investing in Dividend Stocks in India
Steady Income Stream
Dividend-paying shares provide regular income, appealing to investors seeking consistent cash flow, especially retirees or those desiring passive income.
Potential for Capital Appreciation
Beyond dividends, these stocks can appreciate in value over time, contributing to overall wealth accumulation.
Lower Risk Profile
Companies known for being consistent dividend stocks are often well-established and financially stable, leading to reduced volatility compared to non-dividend-paying stocks.
Inflation Hedge
Firms that consistently grow dividends can offer some protection against inflation. Such dividend growth stocks are often evaluated for their historical performance and payout trends.
Tax Advantages
In India, tax on dividend income up to ₹10 lakh per year is exempt for shareholders, making dividend-paying shares a tax-efficient income stream under current regulations.
Reinvestment Opportunities
Dividends received can be reinvested to purchase additional units of the same or other shares. This reinvestment can compound over time, especially in undervalued dividend stocks with room for growth.
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Factors to Consider Before Investing in Dividend Stocks
Dividend Yield
Assess the dividend yield, which reflects annual dividend income relative to the stock's price. This metric helps identify high-yield dividend stocks, though investors need to consider the company’s financial strength alongside the yield.
Dividend History
A company’s track record of consistent dividend payments over 5–10 years is a strong indicator of stability. Many top dividend stocks maintain regular payouts even during market fluctuations.
Financial Health
Evaluating a firm’s balance sheet helps determine whether it can maintain its dividend policy. Stable dividend stocks generally exhibit consistent earnings, cash flow, and conservative debt ratios.
Growth Prospects
Consider the company's potential for future growth. Companies with strong growth prospects are more likely to increase dividends over time, enhancing long-term returns.
Sector Performance
Analyse the performance of the sector in which the company operates while evaluating the best dividend stocks for passive income. Sectoral trends can impact a company's profitability and its ability to maintain or grow dividend payouts.
Tax Implications
Be aware of the tax treatment of dividend income in India. Understanding applicable tax rates and reporting requirements is crucial for effective financial planning.
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Frequently Asked Questions on Dividend Stocks
1. What are dividends?
Dividends are part of the profit that shareholders earn on their shares for being part owners of the company. It can be paid in cash, stock, or other forms.2. When do stocks pay dividends?
Dividends are usually a part of the profit that the company shares with its shareholders. Hence, they are declared annually after a company finalises its income statement.3. How is dividend yield calculated?
Dividend yield calculation involves dividing the annual dividend per share by the current stock price, expressed as a percentage.4. Can dividend payments change over time?
Yes, companies may increase, decrease, or eliminate dividends based on profitability and financial strategies.5. What are the risks associated with dividend investing?
Risks include potential dividend cuts, market volatility, and company-specific financial challenges.
