Yahoo Finance Three Leading Dividend Stocks In India With Yields Up To 4.1%
The Indian market has shown robust performance, appreciating by 44% over the past year and gaining 1.1% in just the last week, with earnings expected to grow by 16% annually. In this dynamic environment, dividend stocks that offer substantial yields up to 4.1% stand out as attractive options for investors looking for both growth and income.
Top 10 Dividend Stocks In India
Name | Dividend Yield | Dividend Rating |
Balmer Lawrie Investments (BSE:532485) | 4.12% | ★★★★★★ |
Bhansali Engineering Polymers (BSE:500052) | 3.08% | ★★★★★★ |
D. B (NSEI:DBCORP) | 4.10% | ★★★★★☆ |
Castrol India (BSE:500870) | 3.74% | ★★★★★☆ |
ITC (NSEI:ITC) | 3.24% | ★★★★★☆ |
HCL Technologies (NSEI:HCLTECH) | 3.55% | ★★★★★☆ |
Indian Oil (NSEI:IOC) | 8.45% | ★★★★★☆ |
VST Industries (BSE:509966) | 3.75% | ★★★★★☆ |
Redington (NSEI:REDINGTON) | 3.36% | ★★★★★☆ |
PTC India (NSEI:PTC) | 3.79% | ★★★★★☆ |
Click here to see the full list of 19 stocks from our Top Dividend Stocks screener.
We'll examine a selection from our screener results.
D. B
Simply Wall St Dividend Rating: ★★★★★☆
Overview: D. B. Corp Limited operates in newspaper printing and publishing, radio broadcasting, and digital news platforms, along with event management services globally, with a market cap of approximately ₹56.44 billion.
Operations: D. B. Corp Limited generates revenue primarily through its printing and publishing business, which contributed ₹22.43 billion, and its radio segment, which added ₹1.59 billion.
Dividend Yield: 4.1%
D. B. Corp Limited, with a recent dividend of INR 8 per share, demonstrates a commitment to shareholder returns, supported by substantial net income growth to INR 4,255.23 million from the previous year's INR 1,690.85 million. Despite its volatile dividend history over the last decade, current dividends are well-supported by earnings and cash flows with payout ratios at 54.4% and 43.6%, respectively. The firm trades at a P/E of 13.3x, below the Indian market average of 32.9x, suggesting relative undervaluation amidst its peers.
Dive into the specifics of D. B here with our thorough dividend report.
The valuation report we've compiled suggests that D. B's current price could be quite moderate.
Gulf Oil Lubricants India
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Gulf Oil Lubricants India Limited, with a market capitalization of ₹59.89 billion, engages in the manufacturing, marketing, and trading of lubricants for the automotive and industrial sectors in India.
Operations: Gulf Oil Lubricants India Limited generates its revenue primarily from the sale of lubricants, amounting to ₹33.01 billion.
Dividend Yield: 3.3%
Gulf Oil Lubricants India offers a dividend yield of 3.29%, higher than the Indian market average. Despite its unstable dividend track record with significant fluctuations over the past decade, current dividends are well-supported by both earnings and cash flows, with payout ratios of 57.4% and 62.7% respectively. The company's P/E ratio stands at 19.4x, below the market average, indicating potential value relative to peers despite recent executive departures and auditor changes signaling potential governance shifts.
Petronet LNG
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Petronet LNG Limited is involved in the import, storage, regasification, and supply of liquefied natural gas (LNG) in India, with a market capitalization of approximately ₹49.54 billion.
Operations: Petronet LNG Limited generates revenue primarily through its natural gas business, totaling ₹52.73 billion.
Dividend Yield: 3%
Petronet LNG has experienced volatility in its dividend payments over the past decade, with occasional significant drops. However, its current dividend sustainability is supported by a low payout ratio of 12.8% and a cash payout ratio of 37.2%, indicating that dividends are well-covered by both earnings and cash flows. Recently, Petronet announced a final dividend of INR 3 per share for FY2023-24, pending shareholder approval at the upcoming AGM. This positions its yield among the top quartile in India at 3.03%.
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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:GULFOILLUB and NSEI:PETRONET.
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