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The Indian market has shown impressive performance, climbing 1.4% in the last 7 days and a remarkable 46% over the past year, with earnings expected to grow by 17% per annum in the coming years. In this robust economic environment, identifying high-yield dividend stocks can be a strategic way to benefit from both income and potential capital appreciation.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Balmer Lawrie Investments (BSE:532485) | 3.87% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 5.26% | ★★★★★☆ |
| HCL Technologies (NSEI:HCLTECH) | 3.02% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.15% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.06% | ★★★★★☆ |
| NMDC (BSE:526371) | 3.21% | ★★★★★☆ |
| Balmer Lawrie (BSE:523319) | 3.05% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.03% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.04% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.66% | ★★★★★☆ |
Click here to see the full list of 17 stocks from our Top Indian Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
HCL Technologies
Simply Wall St Dividend Rating: ★★★★★☆
Overview: HCL Technologies Limited provides software development, business process outsourcing, and infrastructure management services globally, with a market cap of ₹4.65 trillion.
Operations: HCL Technologies Limited generates revenue from HCL Software ($1.42 billion), IT and Business Services ($9.91 billion), and Engineering and R&D Services ($2.16 billion).
Dividend Yield: 3%
HCL Technologies has shown a consistent increase in dividend payments over the past decade, although its track record remains somewhat volatile. The dividend payout ratio stands at 85.7%, indicating dividends are covered by earnings, and the cash payout ratio is 64.3%, suggesting sustainability from cash flows. Its price-to-earnings ratio of 28.2x is below the Indian market average, reflecting good relative value. Recent strategic partnerships and expansions, such as with Xerox and Olympus, bolster its growth prospects but insider selling raises some caution for investors seeking stability in dividend stocks.
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Delve into the full analysis dividend report here for a deeper understanding of HCL Technologies.
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Our valuation report unveils the possibility HCL Technologies' shares may be trading at a discount.
Oil and Natural Gas
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Oil and Natural Gas Corporation Limited, along with its subsidiaries, focuses on the exploration, development, and production of crude oil and natural gas both in India and internationally, with a market cap of ₹4.12 trillion.
Operations: Oil and Natural Gas Corporation Limited generates revenue from various segments including ₹96.69 billion from international operations, ₹5.72 billion from refining and marketing in India, ₹441.92 million from onshore exploration and production in India, and ₹953.81 million from offshore exploration and production in India.