India List of top dividend paying stocks 2024
Investors prefer investing in high dividend-yielding stocks as they benefit from additional income from dividend-yielding companies. As a result, many investors in India prefer high dividend paying stocks for regular dividend returns. The allure of dividends makes a stock attractive, as does the potential for earnings from regular dividends and capital appreciation. Moreover, investing in India’s highest dividend-paying stocks can ensure a steady income stream and that the company is doing well financially. In this article, we will explore the highest dividend paying Indian stocks, the advantages of investing in these stocks, and key factors to consider before investing in dividend-yielding stocks.
Here are the top 10 highest dividend paying stocks in Nifty 500:
| Stock Name | Sector | MCap(in Cr) | Price | PE | Div Yield | Div /Share |
|---|---|---|---|---|---|---|
| Indian Oil Corporation Ltd | Oil & Gas – Refining & Marketing | ₹2,40,174.02 | ₹170.08 | 5.76 | 6.88 | 12.00 |
| Vedanta Ltd | Metals- Diversified | ₹1,72,840.92 | ₹442.75 | 40.77 | 6.35 | 29.50 |
| Bharat Petroleum Corporation Ltd | Oil & Gas – Refining & Marketing | ₹1,49,157.82 | ₹343.80 | 5.55 | 6.02 | 21.00 |
| Chennai Petroleum Corporation Ltd | Oil & Gas – Refining & Marketing | ₹14,696.81 | ₹986.95 | 5.35 | 5.57 | 55.00 |
| Hindustan Petroleum Corp Ltd | Oil & Gas – Refining & Marketing | ₹82,421.21 | ₹387.35 | 5.15 | 5.43 | 21.00 |
| Coal India Ltd | Mining- Coal | ₹3,21,694.4 | ₹522.00 | 8.60 | 4.89 | 25.50 |
| UTI Asset Management Company Ltd | Asset Management | ₹13,483.74 | ₹1,058.45 | 17.61 | 4.44 | 47.00 |
| Oil and Natural Gas Corporation Ltd | Oil & Gas – Exploration & Production | ₹4,21,816.76 | ₹335.30 | 8.57 | 3.65 | 12.25 |
| ICICI Securities Ltd | Investment Banking & Brokerage | ₹25,770.93 | ₹795.65 | 15.21 | 3.64 | 29.00 |
| Power Grid Corporation of India Ltd | Power Transmission & Distribution | ₹3,16,499.55 | ₹340.30 | 20.32 | 3.31 | 11.25 |
