High dividend yielding stocks

Top 10 High Dividend Paying Stocks in India - 2024

Dividend stocks can provide stable passive income along with potential capital appreciation to an investment portfolio. In this post, we will look at the top 10 high dividend paying stocks in India based on their 5-year average dividend yield.

Just focusing only on high yield dividend stocks for investing can be risky though. Fundamental strength of the underlying company, consistency in dividend payouts over previous years etc. should also be analyzed before making any buy decisions.

Before we jump into the list, let's clarify an important concept:

What is Dividend Yield?

Dividend yield indicates how much dividends a company pays relative to its market share price over a year.

For example, if a stock is trading at ₹100 and it declares an annual dividend of ₹5 per share, its dividend yield would be 5%.

Now, let's go through the list of highest dividend yield stocks in India:

The dividend yields have been calculated based on past 5 years' dividend distribution record of the companies. Actual future dividend amounts can vary based on business performance over coming years.

Now that you have a list of potential high dividend stocks to analyze further, the next step would be evaluating company earnings, debt levels, cashflow, management quality etc. before finalizing dividend stocks for long term investing.

Let me know in the comments if you have any other questions on picking dividend stocks in India!

We have discussed about dividend in details in our previous post. Check it here. In this post we will discuss about high dividend yielding stocks. I already said before that only dividend yield should not be criteria in investing in a stock. Other fundamental aspects also should be considered. Sometimes stocks may show high dividend yield due to big drop in share price. Its better stay away from them. Try to find fundamentally strong stocks which give good dividends for last few years.

Below list contains high dividend paying stocks sorted based on average dividend yield of last 5 years. The list is only for reference of high dividend paying stocks in India. Only this data should not be considered for stock buy and sell decisions

Stock	5 year average dividend yield based on current price
Indiabulls Hsg	13.36%
Hindustan Zinc	9.57%
REC	9.31%
NLC India	8.88%
Bharti Infratel	8.50%
IOCL	8.26%
Oil India	7.95%
Coal India	6.55%
GAIL	6.42%
Power Grid	4.65%
NMDC	4.44%
NTPC Ltd.	4.34%
Infosys	4.33%
Hero Motocorp	3.97%
BPCL	3.70%
HPCL	3.42%
ITC Ltd.	2.12%
Tata Steel	2.06%

Check share market Malayalam youtube video about high dividend yielding stocks.

High dividend yielding stocks -https://youtu.be/XBSDJEMQu1c?si=bwY6nEyIbLAj3sIX

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