Yahoo Finance Three Leading Dividend Stocks In India With Yields Up To 8.2%
The Indian market has shown robust growth, rising 1.4% in the past week and achieving a remarkable 44% increase over the last year, with earnings projected to grow by 16% annually. In such a thriving environment, dividend stocks that offer substantial yields up to 8.2% can be particularly appealing for investors looking for both stability and income.
Top 10 Dividend Stocks In India
Name | Dividend Yield | Dividend Rating |
Balmer Lawrie Investments (BSE:532485) | 4.14% | ★★★★★★ |
Bhansali Engineering Polymers (BSE:500052) | 2.89% | ★★★★★★ |
D. B (NSEI:DBCORP) | 3.84% | ★★★★★☆ |
ITC (NSEI:ITC) | 3.21% | ★★★★★☆ |
Castrol India (BSE:500870) | 3.09% | ★★★★★☆ |
HCL Technologies (NSEI:HCLTECH) | 3.50% | ★★★★★☆ |
Indian Oil (NSEI:IOC) | 8.27% | ★★★★★☆ |
VST Industries (BSE:509966) | 3.69% | ★★★★★☆ |
Redington (NSEI:REDINGTON) | 3.27% | ★★★★★☆ |
PTC India (NSEI:PTC) | 3.66% | ★★★★★☆ |
Click here to see the full list of 18 stocks from our Top 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 ₹60.30 billion.
Operations: D. B. Corp Limited generates revenue primarily through its printing and publishing business, which brought in ₹22.43 billion, and its radio segment, contributing ₹1.59 billion.
Dividend Yield: 3.8%
DBCORP, with a payout ratio of 54.4% and a cash payout ratio of 43.6%, maintains dividends well-covered by earnings and cash flows despite past volatility. Earnings surged by 151.7% last year, with an anticipated growth of 11.05% annually. Recently, the company declared an interim dividend of INR 8 per share, reflecting confidence in its financial health amid substantial revenue growth to INR 24,820.64 million and net income increase to INR 4,255.23 million for FY2024.
Gulf Oil Lubricants India
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Gulf Oil Lubricants India Limited is engaged in the manufacturing, marketing, and trading of lubricants for the automotive and industrial sectors in India, with a market capitalization of approximately ₹64.89 billion.
Operations: Gulf Oil Lubricants India Limited generates revenue primarily from the sale of lubricants, totaling ₹33.01 billion.
Dividend Yield: 3%
Gulf Oil Lubricants India has demonstrated a mixed performance in terms of dividends, with an unstable history but recent improvements. While the dividend yield stands at 3.03%, placing it in the top quartile for Indian stocks, its payout ratios from earnings and cash flows are 57.4% and 62.7% respectively, suggesting sustainability from current income levels. Despite this, share price volatility remains a concern. The firm's earnings have grown substantially by 32.6% over the past year, supporting future dividend potential despite managerial changes and auditor rotations indicating possible internal shifts.
Indian Oil
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Indian Oil Corporation Limited operates in refining, pipeline transportation, and marketing of petroleum products across India, with a market capitalization of approximately ₹2.33 trillion.
Operations: Indian Oil Corporation Limited generates revenue primarily from petroleum products, which contributed approximately ₹83.35 billion, and petrochemicals, adding about ₹2.62 billion.
Dividend Yield: 8.3%
Indian Oil Corporation (IOC) offers a dividend yield of 8.27%, placing it among the top 25% of Indian dividend payers. Despite its high debt levels, IOC maintains a low payout ratio of 39.6%, suggesting that dividends are well-covered by earnings. The company's dividends have shown growth over the past decade, although their reliability has been questioned due to volatility in payments. Additionally, recent strategic alliances, like forming a joint venture for biofuel adoption and battery swapping business, align with long-term sustainability goals but also reflect significant ongoing investments which could impact future dividend stability.
Unlock comprehensive insights into our analysis of Indian Oil stock in this dividend report.
Upon reviewing our latest valuation report, Indian Oil's share price might be too pessimistic.
Where To Now?
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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:DBCORPNSEI:GULFOILLUB and
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