Investors who want to guarantee a consistent income while taking advantage of possible capital growth sometimes choose to invest in dividend-paying equities. Many businesses in the Indian stock market are notable for paying out dividends on a regular basis, which makes them a dependable source of passive income for investors. Comprehending the top dividend-paying stocks in India will help you make well-informed judgments and optimize your investment results, regardless of your level of experience or experience.
Highest Dividend Yield Stocks
According to a report by Axis Securities, the top 15 large-cap stocks that have produced the highest dividend yield over the past 12 months are:
- Bharat Petroleum Corporation (BPCL),
- Vedanta
- Coal India
- Hindustan Zinc
- Indian Oil Corporation
- Oil and Natural Gas Corporation (ONGC)
- Power Grid Corporation of India
- GAIL India
- ITC
- HCL Technologies
- Hero MotoCorp
- Infosys
- Tech Mahindra
- Tata Steel
- and Hindustan Unilever.
Bharat Petroleum Corporation Ltd. (BPCL)
Founded in 1952, Bharat Petroleum Corporation Ltd (BPCL) is one of the biggest oil and gas enterprises in India. Petroleum products are refined, distributed, and marketed by it. BPCL is essential to supplying the country’s energy needs.
It ranks first among the top 15 large-cap stocks with an 11% dividend yield over the past 12 months.
Vedanta
The top large-cap dividend-yielding equities include BPCL, Vedanta, which have had dividend yields of 10% during the past 12 months.
Coal India
The largest coal producer in the world, Coal India Ltd. was founded in 1975 and is run by the Indian government’s Ministry of Coal. The corporation is in charge of producing the majority of India’s coal, which is used as the main fuel for several industrial sectors and power generation.
As the leading large-cap dividend-paying equities, BPCL is closely followed by Coal India, have yielded a 10% dividend over the past 12 months.
Hindustan Zinc Ltd
Hindustan Zinc Ltd. came in at number four with a dividend yield of 7% throughout the previous 12 months.
What is Dividend Yield?
A financial ratio known as dividend yield shows how much a corporation pays out in dividends annually in relation to the price of its stock. It is determined by taking the current share price and dividing it by the annual dividends per share. For instance, if a company’s stock price is ₹200 and it pays ₹10 per share every year, the dividend yield is 5%. This measure aids investors in evaluating the possibility for revenue generation from their investments.
