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Over the last 7 days, the Indian market has experienced a 3.2% drop, yet it remains up by an impressive 40% over the past year with earnings forecasted to grow by 17% annually. In this dynamic environment, selecting dividend stocks with substantial yields can be a strategic way to enhance your portfolio and capitalize on steady income streams amidst market fluctuations.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Castrol India (BSE:500870) | 3.48% | ★★★★★★ |
| Balmer Lawrie Investments (BSE:532485) | 4.49% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 4.78% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.50% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.73% | ★★★★★☆ |
| Balmer Lawrie (BSE:523319) | 3.33% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.35% | ★★★★★☆ |
| Canara Bank (NSEI:CANBK) | 3.08% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.97% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.09% | ★★★★★☆ |
Click here to see the full list of 20 stocks from our Top Indian Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
D. B
Simply Wall St Dividend Rating: ★★★★★☆
Overview: D. B. Corp Limited operates in newspaper printing and publishing, radio broadcasting, and digital news platforms for news and event management both in India and internationally, with a market cap of ₹63.42 billion.
Operations: D. B. Corp Limited generates revenue from its segments with ₹22.77 billion from printing, publishing, and allied business, and ₹1.62 billion from radio broadcasting.
Dividend Yield: 4.8%
D. B. Corp Limited offers a dividend yield of 4.78%, placing it in the top 25% of Indian market payers, though its dividend history has been volatile over the past decade. Despite this, current dividends are well-covered by earnings and cash flows with payout ratios of 65.2% and 57%, respectively. Recent financials show improved performance with net income rising to ₹1,178.66 million for Q1 FY2025 from ₹787.59 million year-over-year.
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Get an in-depth perspective on D. B's performance by reading our dividend report here.
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Our valuation report unveils the possibility D. B's shares may be trading at a discount.
Redington
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Redington Limited offers supply chain solutions both in India and internationally, with a market cap of ₹144.48 billion.
Operations: Redington Limited's revenue is derived from its supply chain solutions business, which operates across various regions globally.
Dividend Yield: 3.4%
Redington Limited's dividend yield of 3.35% ranks it in the top 25% of Indian market payers, although its dividend history has been volatile over the past decade. The recent AGM approved a dividend of ₹6.20 per share, reflecting a payout ratio of 39.8%, indicating dividends are well-covered by earnings and cash flows (50.6%). However, despite stable coverage, the company's dividends have not consistently grown or remained reliable historically.