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Over the last 7 days, the Indian market has dropped 1.2%, but it has risen by 38% over the past year, with earnings forecast to grow by 17% annually. In this dynamic environment, dividend stocks can offer a blend of income and potential growth, making them an attractive option for investors seeking stability and returns.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Castrol India (BSE:500870) | 3.08% | ★★★★★★ |
| Balmer Lawrie Investments (BSE:532485) | 3.85% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 4.97% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.13% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 7.97% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.18% | ★★★★★☆ |
| Canara Bank (NSEI:CANBK) | 3.11% | ★★★★★☆ |
| Balmer Lawrie (BSE:523319) | 3.01% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.22% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.57% | ★★★★★☆ |
Click here to see the full list of 18 stocks from our Top Indian Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive 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 ₹60.97 billion.
Operations: D. B. Corp Limited generates revenue primarily from printing, publishing, and allied businesses (₹22.77 billion) and radio broadcasting (₹1.62 billion).
Dividend Yield: 5%
D. B. Corp Limited's dividend yield of 4.97% places it in the top 25% of Indian market payers, supported by a reasonable cash payout ratio (57%) and earnings coverage (65.2%). Despite recent earnings growth and improved Q1 results, its dividend history is volatile with past declines over 20%. The company recently declared an interim dividend of ₹7 per share for FY2024-25, indicating ongoing shareholder returns amidst fluctuating payouts.
PTC India
Simply Wall St Dividend Rating: ★★★★★☆
Overview: PTC India Limited, with a market cap of ₹64.72 billion, engages in the trading of power across India, Nepal, Bhutan, and Bangladesh through its subsidiaries.
Operations: PTC India Limited's revenue segments include ₹159.67 billion from power trading and ₹7.35 billion from its financing business.
Dividend Yield: 3.6%
PTC India Limited's dividend yield of 3.57% ranks in the top 25% of Indian market payers, supported by a low cash payout ratio (9.4%) and earnings coverage (54%). Despite recent earnings growth, with Q1 net income rising to ₹1.74 billion from ₹1.30 billion last year, its dividend history is unstable with past volatility over 20%. Recent management changes and regulatory actions may impact future stability and investor confidence.