In This Article:
The Indian market has shown impressive performance, climbing 1.2% in the last 7 days and up 41% over the past 12 months, with earnings expected to grow by 17% per annum over the next few years. In this thriving environment, identifying dividend stocks that offer robust yields can be a smart strategy for investors seeking both income and growth potential.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Castrol India (BSE:500870) | 3.24% | ★★★★★★ |
| Balmer Lawrie Investments (BSE:532485) | 4.20% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 5.02% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.48% | ★★★★★☆ |
| Balmer Lawrie (BSE:523319) | 3.10% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.08% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.24% | ★★★★★☆ |
| Canara Bank (NSEI:CANBK) | 3.08% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.63% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.22% | ★★★★★☆ |
Click here to see the full list of 18 stocks from our Top Indian Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Bharat Petroleum
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Bharat Petroleum Corporation Limited primarily engages in refining crude oil and marketing petroleum products in India and internationally, with a market cap of ₹1.41 trillion.
Operations: Bharat Petroleum Corporation Limited generates revenue primarily from its Downstream Petroleum segment, amounting to ₹5.07 billion, and the Exploration & Production of Hydrocarbons segment, which contributes ₹1.92 billion.
Dividend Yield: 6.5%
Bharat Petroleum's dividend payments are well covered by both earnings (33.3% payout ratio) and cash flows (34.6% cash payout ratio). Despite a high debt level, the company’s price-to-earnings ratio of 7.4x is below the Indian market average, indicating good value. Recent strategic moves into renewable energy and green hydrogen through joint ventures could provide future growth opportunities, though past dividends have been volatile and earnings are expected to decline by 11.9% annually over the next three years.
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 ₹60.29 billion.
Operations: D. B. Corp Limited's revenue segments include ₹22.77 billion from printing, publishing, and allied businesses, and ₹1.62 billion from radio broadcasting.