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Over the last 7 days, the Indian market has experienced a 4.7% drop, yet it has shown resilience with a remarkable 39% rise over the past year and earnings are forecast to grow by 17% annually. In this dynamic environment, dividend stocks that offer consistent yields can be an attractive option for investors seeking stability and income amidst market fluctuations.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Castrol India (BSE:500870) | 3.56% | ★★★★★★ |
| Balmer Lawrie Investments (BSE:532485) | 4.71% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 4.72% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.52% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.90% | ★★★★★☆ |
| Balmer Lawrie (BSE:523319) | 3.31% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.35% | ★★★★★☆ |
| Canara Bank (NSEI:CANBK) | 3.07% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.94% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.07% | ★★★★★☆ |
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 in India and internationally, with a market cap of ₹64.16 billion.
Operations: D. B. Corp Limited's revenue is primarily derived from its Printing/Publishing and Allied Business segment, which contributes ₹22.77 billion, and its Radio segment, which adds ₹1.62 billion.
Dividend Yield: 4.7%
D. B. Corp Limited offers a dividend yield of 4.72%, placing it in the top 25% of Indian dividend payers, supported by a payout ratio of 65.2%. Despite earnings growth and coverage by both earnings and cash flows, its dividend history shows volatility and unreliability over the past decade, with significant annual drops exceeding 20%. Recent financials indicate improved performance, with net income rising to ₹1.18 billion for Q1 FY2025 from ₹787.59 million the previous year.
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Delve into the full analysis dividend report here for a deeper understanding of D. B.
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Our valuation report unveils the possibility D. B's 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, is involved in the exploration, development, and production of crude oil and natural gas both in India and internationally, with a market cap of ₹3.69 trillion.
Operations: Oil and Natural Gas Corporation Limited generates revenue from its operations in India through refining and marketing (₹5.72 billion), onshore exploration and production (₹441.92 million), offshore exploration and production (₹953.81 million), as well as from activities outside India (₹96.69 million).