Yahoo Finance 3 High-Yielding Dividend Stocks On The Indian Exchange With Yields Up To 4.1%
The Indian market has shown robust performance, climbing 2.0% over the past week and achieving a remarkable 46% growth over the past 12 months, with earnings expected to grow by 16% annually. In this dynamic environment, high-yielding dividend stocks can be particularly appealing for investors looking for both stability and steady income.
Top 10 Dividend Stocks In India
Name | Dividend Yield | Dividend Rating |
Balmer Lawrie Investments (BSE:532485) | 3.96% | ★★★★★★ |
D. B (NSEI:DBCORP) | 3.38% | ★★★★★☆ |
Indian Oil (NSEI:IOC) | 8.14% | ★★★★★☆ |
Bharat Petroleum (NSEI:BPCL) | 6.99% | ★★★★★☆ |
ITC (NSEI:ITC) | 3.05% | ★★★★★☆ |
HCL Technologies (NSEI:HCLTECH) | 3.44% | ★★★★★☆ |
VST Industries (BSE:509966) | 3.68% | ★★★★★☆ |
Petronet LNG (NSEI:PETRONET) | 3.00% | ★★★★★☆ |
Oil and Natural Gas (NSEI:ONGC) | 4.11% | ★★★★★☆ |
PTC India (NSEI:PTC) | 3.61% | ★★★★★☆ |
Click here to see the full list of 16 stocks from our Top Indian Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
D. B
Simply Wall St Dividend Rating: ★★★★★☆
Overview: D. B. Corp Limited operates in newspaper printing and publishing, radio broadcasting, and digital news platforms, with a market capitalization of approximately ₹68.56 billion.
Operations: D. B. Corp Limited generates revenue primarily through its printing and publishing segment, which contributed ₹22.43 billion, and its radio broadcasting segment with revenues of ₹1.59 billion.
Dividend Yield: 3.4%
DBCORP offers a 3.38% dividend yield, ranking in the top 25% of Indian dividend payers. Despite a volatile history, dividends are currently well-supported by earnings and cash flows with payout ratios at 54.4% and 43.6%, respectively. Recent growth in earnings (151.7% last year) and reasonable valuation (P/E of 16.1x) enhance its appeal, though the inconsistent dividend track record over the past decade suggests caution for those seeking stable income streams from dividends.
HCL Technologies
Simply Wall St Dividend Rating: ★★★★★☆
Overview: HCL Technologies Limited is a global company that provides software development, business process outsourcing, and infrastructure management services with a market capitalization of approximately ₹4.09 trillion.
Operations: HCL Technologies Limited generates revenue primarily through three segments: HCL Software at $1.41 billion, IT and Business Services at $9.80 billion, and Engineering and R&D Services at $2.12 billion.
Dividend Yield: 3.4%
HCL Technologies, with a P/E ratio of 25.8x, trades below the Indian market average. Despite a volatile dividend history over the past decade, its current yield stands at 3.44%, placing it among the top 25% of Indian dividend payers. The dividends are supported by earnings and cash flows with payout ratios of 89.1% and 65.1%, respectively, indicating coverage by both profits and cash reserves. Recent strategic expansions and partnerships underscore its commitment to growth in key global markets, enhancing its long-term outlook despite past dividend inconsistencies.
Take a closer look at HCL Technologies' potential here in our dividend report.
Upon reviewing our latest valuation report, HCL Technologies' share price might be too pessimistic.
Oil and Natural Gas
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Oil and Natural Gas Corporation Limited, operating both domestically and internationally, is engaged in the exploration, development, and production of crude oil and natural gas with a market capitalization of approximately ₹3.75 trillion.
Operations: Oil and Natural Gas Corporation Limited generates revenue primarily through its refining and marketing segment in India, which brought in ₹56.75 billion, along with its domestic exploration and production segments onshore and offshore, contributing ₹4.39 billion and ₹9.43 billion respectively, complemented by international revenues of ₹0.96 billion.
Dividend Yield: 4.1%
Oil and Natural Energy Corporation (ONGC) features a dividend yield of 4.11%, ranking it among the top quartile in the Indian market. Despite a low Price-to-Earnings ratio of 7.6x, ONGC's dividends have shown volatility and inconsistency over the past decade, with no steady growth pattern. However, both earnings and cash flows adequately cover these dividends, with payout ratios standing at 31.3% and 32.5%, respectively. Recent leadership changes with Shri Vivek Chandrakant Tongaonkar appointed as CFO might influence future financial strategies but have yet to impact dividend policies directly.
Seize The Opportunity
Gain an insight into the universe of 16 Top Indian Dividend Stocks by clicking here.
Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.
Ready For A Different Approach?
Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
Find companies with promising cash flow potential yet trading below their fair value.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NSEI:DBCORP NSEI:HCLTECH and NSEI:ONGC.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
