In This Article:
Over the past year, the Indian stock market has shown robust growth with a 43% increase, despite a recent 2.0% drop over the last seven days. In this context of anticipated earnings growth of 16% annually, dividend stocks can be particularly appealing for investors seeking both stability and potential income in a dynamic market environment.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Balmer Lawrie Investments (BSE:532485) | 3.86% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 4.85% | ★★★★★☆ |
| HCL Technologies (NSEI:HCLTECH) | 3.28% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.29% | ★★★★★☆ |
| Bharat Petroleum (NSEI:BPCL) | 6.67% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.86% | ★★★★★☆ |
| Oil and Natural Gas (NSEI:ONGC) | 3.83% | ★★★★★☆ |
| NMDC (BSE:526371) | 3.11% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.05% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.55% | ★★★★★☆ |
Click here to see the full list of 16 stocks from our Top Indian Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
HCL Technologies
Simply Wall St Dividend Rating: ★★★★★☆
Overview: HCL Technologies Limited, a global company, provides software development, business process outsourcing, and infrastructure management services with a market cap of approximately ₹4.29 trillion.
Operations: HCL Technologies generates revenue primarily through three segments: HCL Software at $1.42 billion, IT and Business Services at $9.91 billion, and Engineering and R&D Services at $2.16 billion.
Dividend Yield: 3.3%
HCL Technologies recently declared an interim dividend of INR 12 per share, with a record date set for July 23, 2024, and payment by August 1, 2024. This follows a robust financial performance in Q1 FY2025, where sales rose to US$3.36 billion from US$3.20 billion year-over-year and net income increased to US$496 million from US$430 million. Despite these positive indicators, the company's dividend payments have shown volatility over the past decade. The recent board changes might also impact future dividend policies as new members take on leadership roles in key committees starting August 5, 2024.
Swaraj Engines
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Swaraj Engines Limited, based in India, specializes in manufacturing and selling diesel engines, diesel engine components, and spare parts for tractors, with a market capitalization of approximately ₹36.37 billion.
Operations: Swaraj Engines Limited generates revenue primarily from the sale of diesel engines, engine components, and tractor spare parts, totaling ₹14.37 billion.