In This Article:
In the last week, the Indian market is up 1.7%, and over the past 12 months, it has surged by an impressive 41%. With earnings expected to grow by 17% per annum in the coming years, identifying strong dividend stocks can be a prudent strategy for investors looking to capitalize on this growth while receiving steady income.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Castrol India (BSE:500870) | 3.11% | ★★★★★★ |
| Balmer Lawrie Investments (BSE:532485) | 3.83% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 4.92% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.06% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.15% | ★★★★★☆ |
| NMDC (BSE:526371) | 3.31% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.27% | ★★★★★☆ |
| Canara Bank (NSEI:CANBK) | 3.02% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.22% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.18% | ★★★★★☆ |
Click here to see the full list of 17 stocks from our Top Indian Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
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 ₹62.09 billion.
Operations: D. B. Corp Limited generates revenue from radio broadcasting (₹1.62 billion) and printing/publishing and allied business (₹22.77 billion).
Dividend Yield: 4.9%
D. B. Corp Limited's recent dividend of ₹7 per share, with a payout ratio of 65.2%, is well-covered by both earnings and cash flows, reflecting sustainability despite past volatility in dividend payments. The company reported strong financials for Q1 2024 with net income rising to ₹1.18 billion from ₹787.59 million a year ago, indicating robust profitability that supports its dividends, though historical instability remains a concern for long-term reliability.
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 ₹3.68 trillion.
Operations: Oil and Natural Gas Corporation Limited generates revenue from various segments, including ₹95.69 billion from international operations, ₹5.72 billion from refining and marketing in India, ₹441.92 million from onshore exploration and production (E&P) in India, and ₹953.81 million from offshore E&P in India.