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Over the last 7 days, the Indian market has dropped 1.0%, driven by losses in the Energy and Industrials sectors of 3.7% and 1.8%. However, over the longer term, the market has risen by 39% in the last year with earnings forecasted to grow by 17% annually. In this context, dividend stocks can provide a stable income stream and potential for capital appreciation, making them an attractive option for investors seeking steady returns amidst fluctuating market conditions.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Castrol India (BSE:500870) | 3.12% | ★★★★★★ |
| Balmer Lawrie Investments (BSE:532485) | 3.92% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 5.22% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.10% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 7.98% | ★★★★★☆ |
| Balmer Lawrie (BSE:523319) | 3.10% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.19% | ★★★★★☆ |
| Canara Bank (NSEI:CANBK) | 3.10% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.23% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.66% | ★★★★★☆ |
Click here to see the full list of 18 stocks from our Top Indian Dividend Stocks screener.
Let's explore several standout options from the results in 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 businesses in India and internationally, with a market cap of ₹58.06 billion.
Operations: D. B. Corp Limited's revenue segments include ₹1.62 billion from radio and ₹22.77 billion from printing, publishing, and allied businesses.
Dividend Yield: 5.2%
D. B. Corp Limited's dividend payments are well-covered by earnings (65.2% payout ratio) and free cash flows (57% cash payout ratio). The company's dividend yield of 5.22% places it in the top 25% of Indian market payers, although its dividend track record has been unstable over the past decade with occasional volatility. Recently, DBCORP declared an interim dividend of ₹7 per share for FY2024-25, amidst reporting strong Q1 earnings growth with net income rising to ₹1.18 billion from ₹787.59 million a year ago.
PTC India
Simply Wall St Dividend Rating: ★★★★★☆
Overview: PTC India Limited, with a market cap of ₹63.15 billion, engages in the trading of power across India, Nepal, Bhutan, and Bangladesh through its subsidiaries.
Operations: PTC India Limited generates revenue primarily from its power trading segment, which accounts for ₹159.67 billion, and its financing business, which contributes ₹7.35 billion.