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Over the last 7 days, the Indian market has dropped 1.7%, but it is up 43% over the past year, with earnings expected to grow by 17% per annum over the next few years. In this dynamic environment, dividend stocks can offer a stable income stream and potential for capital appreciation; here are three top Indian dividend stocks led by D.B.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Castrol India (BSE:500870) | 3.14% | ★★★★★★ |
| Balmer Lawrie Investments (BSE:532485) | 3.81% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 4.96% | ★★★★★☆ |
| HCL Technologies (NSEI:HCLTECH) | 3.28% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.62% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.28% | ★★★★★☆ |
| NMDC (BSE:526371) | 3.16% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.11% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.10% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.76% | ★★★★★☆ |
Click here to see the full list of 18 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 ₹61.07 billion.
Operations: D. B. Corp Limited's revenue segments consist of ₹22.77 billion from printing, publishing, and allied business, and ₹1.62 billion from radio broadcasting.
Dividend Yield: 5%
D. B. Corp Limited has shown significant earnings growth, with net income rising to ₹1.18 billion for Q1 2024 from ₹787.59 million a year ago. Despite this, the company's dividend track record remains unstable, with recent decreases in payouts and a history of volatility over the past decade. However, its current dividend yield is among the top 25% in India and dividends are covered by both earnings (65%) and cash flows (57%).
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Delve into the full analysis dividend report here for a deeper understanding of D. B.
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Upon reviewing our latest valuation report, D. B's share price might be too pessimistic.
Gulf Oil Lubricants India
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Gulf Oil Lubricants India Limited manufactures, markets, and trades lubricants for the automobile and industrial sectors in India, with a market cap of ₹63.42 billion.
Operations: Gulf Oil Lubricants India Limited generates revenue primarily from its lubricants segment, amounting to ₹33.83 billion.
Dividend Yield: 3.1%
Gulf Oil Lubricants India Limited's recent earnings report showed strong financial performance, with Q1 2024 net income rising to ₹860.38 million from ₹680.22 million a year ago. The company's dividend yield is in the top 25% of Indian market payers and dividends are covered by earnings (57.4%) and cash flows (62.7%). However, the dividend track record has been unstable over the past decade, reflecting some volatility in payouts despite consistent increases in recent years.