Yahoo Finance 3 Top Dividend Stocks In India With Yields Up To 4%
The Indian market has shown robust growth, rising 2.4% in the past week and an impressive 46% over the last year, with earnings projected to grow by 16% annually. In this dynamic environment, dividend stocks that offer yields up to 4% can be particularly appealing for investors seeking both stability and income.
Top 10 Dividend Stocks In India
Name | Dividend Yield | Dividend Rating |
Balmer Lawrie Investments (BSE:532485) | 3.98% | ★★★★★★ |
Gulf Oil Lubricants India (NSEI:GULFOILLUB) | 3.15% | ★★★★★☆ |
D. B (NSEI:DBCORP) | 3.57% | ★★★★★☆ |
Indian Oil (NSEI:IOC) | 8.23% | ★★★★★☆ |
Bharat Petroleum (NSEI:BPCL) | 7.01% | ★★★★★☆ |
ITC (NSEI:ITC) | 3.10% | ★★★★★☆ |
HCL Technologies (NSEI:HCLTECH) | 3.38% | ★★★★★☆ |
VST Industries (BSE:509966) | 3.70% | ★★★★★☆ |
Oil and Natural Gas (NSEI:ONGC) | 4.09% | ★★★★★☆ |
PTC India (NSEI:PTC) | 3.54% | ★★★★★☆ |
Click here to see the full list of 15 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, publishing, radio broadcasting, and digital news platforms, with a market capitalization of approximately ₹64.96 billion.
Operations: D. B. Corp Limited generates revenue primarily through its printing and publishing business, which contributed approximately ₹22.43 billion, and its radio segment, which added about ₹1.59 billion.
Dividend Yield: 3.6%
DBCORP has shown a mixed performance in dividend reliability, with payments being volatile over the past decade. Despite this, recent trends are positive with an increase in dividends announced on May 22, 2024. The company's Price-To-Earnings ratio at 15.3x is below the Indian market average, suggesting valuation attractiveness. Dividends are well-supported by earnings and cash flows with payout ratios of 54.4% and 43.6% respectively, indicating sustainability from a financial perspective amidst a backdrop of significant earnings growth reported for FY2023-24.
Oil and Natural Gas
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Oil and Natural Gas Corporation Limited (ONGC) is engaged in the exploration, development, and production of crude oil and natural gas both domestically in India and internationally, with a market capitalization of approximately ₹3.76 trillion.
Operations: Oil and Natural Gas Corporation Limited generates revenue primarily through refining and marketing, which contributes ₹56.75 billion, followed by offshore exploration and production at ₹9.43 billion, and onshore exploration and production at ₹4.39 billion within India.
Dividend Yield: 4.1%
ONGC offers a dividend yield of 4.09%, ranking in the top 25% in India, supported by a cash payout ratio of 32.5% and an earnings payout ratio of 31.3%. Despite its attractive P/E ratio at 7.6x, significantly below the Indian market average, dividend reliability is compromised by a history of volatility and inconsistency over the past decade. Recent executive changes with Shri Vivek Chandrakant Tongaonkar's appointment as CFO might influence future financial strategies but have yet to impact dividends directly.
PTC India
Simply Wall St Dividend Rating: ★★★★★☆
Overview: PTC India Limited operates in the trading of power across India, Nepal, Bhutan, and Bangladesh, with a market capitalization of approximately ₹65.18 billion.
Operations: PTC India Limited generates revenue primarily through its power trading segment, which brought in ₹16.01 billion, and its financing business, contributing ₹7.67 billion.
Dividend Yield: 3.5%
PTC India reported a decrease in quarterly net income to INR 862.6 million from INR 1,165.9 million year-over-year, with full-year earnings rising slightly to INR 4,768.8 million. Despite this fluctuation, the company maintains a robust dividend coverage with an earnings payout ratio of 54% and cash payout ratio of 9.4%, indicating strong cash flow support for its dividends. Recent executive changes raise governance concerns but have yet to impact financial operations or dividend policies directly; however, investors should monitor these developments closely due to potential future implications on management effectiveness and strategic direction.
Click to explore a detailed breakdown of our findings in PTC India's dividend report.
Our valuation report here indicates PTC India may be undervalued.
Summing It All Up
Embark on your investment journey to our 15 Top Dividend Stocks selection here.
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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:ONGC and NSEI:PTC.
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