Investing in high dividend-paying stocks can be a strategic way to enhance your portfolio’s income, especially in a fluctuating market. Dividend stocks not only provide regular income but also tend to be from well-established companies, offering a measure of stability. These stocks have been selected based on their dividend yield, historical growth, and payout ratio, making them attractive options for income-focused investors.
List of Top 10 dividend paying stocks in India :
1. Hindustan Petroleum Corp Ltd
- Sector: Oil & Gas – Refining & Marketing
- Market Capitalization: ₹70,739.46 Cr
- Share Price: ₹332.45
- Dividend Yield: 9.48%
- 3Y Historical Dividend Growth: 27.59%
- Payout Ratio: 0.42
2. Vedanta Ltd
- Sector: Metals – Diversified
- Market Capitalization: ₹1,75,819.06 Cr
- Share Price: ₹473.85
- Dividend Yield: 6.24%
- 3Y Historical Dividend Growth: 45.89%
- Payout Ratio: 2.59
3. Nirlon Ltd
- Sector: Real Estate
- Market Capitalization: ₹3,834.52 Cr
- Share Price: ₹425.50
- Dividend Yield: 6.11%
- 3Y Historical Dividend Growth: 48.12%
- Payout Ratio: 1.14
4. Stovec Industries Ltd
- Sector: Industrial Machinery
- Market Capitalization: ₹663.07 Cr
- Share Price: ₹3,175.60
- Dividend Yield: 5.48%
- 3Y Historical Dividend Growth: 99.24%
- Payout Ratio: 4.02
5. UTI Asset Management Company Ltd
- Sector: Asset Management
- Market Capitalization: ₹13,314.73 Cr
- Share Price: ₹1,046.10
- Dividend Yield: 4.49%
- 3Y Historical Dividend Growth: 40.35%
- Payout Ratio: 0.78
6. Edelweiss Financial Services Ltd
- Sector: Diversified Financials
- Market Capitalization: ₹5,838.76 Cr
- Share Price: ₹64.95
- Dividend Yield: 4.39%
- 3Y Historical Dividend Growth: 25.27%
- Payout Ratio: 0.32
7. Oil and Natural Gas Corporation Ltd
- Sector: Oil & Gas – Exploration & Production
- Market Capitalization: ₹3,62,563.65 Cr
- Share Price: ₹288.20
- Dividend Yield: 4.25%
- 3Y Historical Dividend Growth: 50.41%
- Payout Ratio: 0.31
8. Styrenix Performance Materials Ltd
- Sector: Commodity Chemicals
- Market Capitalization: ₹4,156.98 Cr
- Share Price: ₹2,363.85
- Dividend Yield: 4.15%
- 3Y Historical Dividend Growth: 114.00%
- Payout Ratio: 1.00
9. Ador Fontech Ltd
- Sector: Industrial Machinery
- Market Capitalization: ₹511.88 Cr
- Share Price: ₹146.25
- Dividend Yield: 4.10%
- 3Y Historical Dividend Growth: 39.71%
- Payout Ratio: 0.88
10. TV Today Network Limited
- Sector: TV Channels & Broadcasters
- Market Capitalization: ₹1,407.70 Cr
- Share Price: ₹235.92
- Dividend Yield: 3.60%
- 3Y Historical Dividend Growth: 50.37%
- Payout Ratio: 0.90
Disclaimer: The above list is provided for educational purposes only and is not a recommendation. Please conduct your own research or consult a financial advisor before making any investment decisions.
Investing in these top 10 dividend paying stocks in India can be a smart move for those looking to generate a steady income from their investments. Each of these companies has a strong track record of paying dividends and provides a diverse range of sector exposure.
Note: The data in the list of top dividend yield stocks in India is as of June 2nd Week, 2024