In This Article:
In the last week, the Indian market has stayed flat, but over the past 12 months, it has risen by an impressive 44%. With earnings expected to grow by 17% per annum over the next few years, identifying dividend stocks that offer both stability and attractive yields is crucial for investors looking to capitalize on this growth.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Castrol India (BSE:500870) | 3.20% | ★★★★★★ |
| Balmer Lawrie Investments (BSE:532485) | 4.27% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 5.07% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.38% | ★★★★★☆ |
| Balmer Lawrie (BSE:523319) | 3.20% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.03% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.27% | ★★★★★☆ |
| Canara Bank (NSEI:CANBK) | 3.07% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.68% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.23% | ★★★★★☆ |
Click here to see the full list of 18 stocks from our Top Indian Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
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 businesses in India and internationally, with a market cap of ₹59.74 billion.
Operations: D. B. Corp Limited generates revenue primarily from its Printing/Publishing and Allied Business segment (₹22.77 billion) and Radio segment (₹1.62 billion).
Dividend Yield: 5.1%
D. B. Corp's dividend payments have been volatile and unreliable over the past decade, though they currently offer a high yield in the top 25% of Indian market payers. The dividend is covered by earnings (65.2%) and cash flows (57%), suggesting sustainability despite past instability. Recent earnings show significant growth, with net income rising to ₹1.18 billion for Q1 2024 from ₹787.59 million a year ago, supporting its current dividend payout capabilities.
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Click to explore a detailed breakdown of our findings in D. B's dividend report.
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Upon reviewing our latest valuation report, D. B's share price might be too pessimistic.
Redington
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Redington Limited provides supply chain solutions in India and internationally, with a market cap of ₹148.10 billion.
Operations: Redington Limited's revenue segments include supply chain solutions in India and internationally.
Dividend Yield: 3.3%
Redington's dividend yield is in the top 25% of Indian market payers, with a payout ratio of 39.8% and cash payout ratio of 50.6%, indicating sustainability. However, its dividend track record has been volatile over the past decade. Recent earnings for Q1 2024 showed stable revenue at ₹213.35 billion and net income at ₹2.46 billion, slightly down from last year, but still supporting current dividend payments despite recent decreases to ₹6.20 per share approved in July 2024.