In This Article:
The Indian market has shown robust growth, rising 2.4% in the past week and an impressive 46% over the last year, with earnings projected to grow by 16% annually. In this dynamic environment, dividend stocks that offer yields up to 4% can be particularly appealing for investors seeking both stability and income.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Balmer Lawrie Investments (BSE:532485) | 3.98% | ★★★★★★ |
| Gulf Oil Lubricants India (NSEI:GULFOILLUB) | 3.15% | ★★★★★☆ |
| D. B (NSEI:DBCORP) | 3.57% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.23% | ★★★★★☆ |
| Bharat Petroleum (NSEI:BPCL) | 7.01% | ★★★★★☆ |
| ITC (NSEI:ITC) | 3.10% | ★★★★★☆ |
| HCL Technologies (NSEI:HCLTECH) | 3.38% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.70% | ★★★★★☆ |
| Oil and Natural Gas (NSEI:ONGC) | 4.09% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.54% | ★★★★★☆ |
Click here to see the full list of 15 stocks from our Top Dividend Stocks screener.
We'll examine a selection from our screener results.
D. B
Simply Wall St Dividend Rating: ★★★★★☆
Overview: D. B. Corp Limited operates in newspaper printing, publishing, radio broadcasting, and digital news platforms, with a market capitalization of approximately ₹64.96 billion.
Operations: D. B. Corp Limited generates revenue primarily through its printing and publishing business, which contributed approximately ₹22.43 billion, and its radio segment, which added about ₹1.59 billion.
Dividend Yield: 3.6%
DBCORP has shown a mixed performance in dividend reliability, with payments being volatile over the past decade. Despite this, recent trends are positive with an increase in dividends announced on May 22, 2024. The company's Price-To-Earnings ratio at 15.3x is below the Indian market average, suggesting valuation attractiveness. Dividends are well-supported by earnings and cash flows with payout ratios of 54.4% and 43.6% respectively, indicating sustainability from a financial perspective amidst a backdrop of significant earnings growth reported for FY2023-24.
Oil and Natural Gas
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Oil and Natural Gas Corporation Limited (ONGC) is engaged in the exploration, development, and production of crude oil and natural gas both domestically in India and internationally, with a market capitalization of approximately ₹3.76 trillion.
Operations: Oil and Natural Gas Corporation Limited generates revenue primarily through refining and marketing, which contributes ₹56.75 billion, followed by offshore exploration and production at ₹9.43 billion, and onshore exploration and production at ₹4.39 billion within India.