In This Article:
Over the last 7 days, the Indian market has remained flat, yet it is up 40% over the past year with earnings expected to grow by 17% per annum in the coming years. In this promising environment, identifying strong dividend stocks like D B and others can offer investors a reliable income stream and potential for capital appreciation.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Castrol India (BSE:500870) | 3.51% | ★★★★★★ |
| Balmer Lawrie Investments (BSE:532485) | 4.53% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 4.85% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.58% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.59% | ★★★★★☆ |
| Balmer Lawrie (BSE:523319) | 3.37% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.36% | ★★★★★☆ |
| Canara Bank (NSEI:CANBK) | 3.09% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.95% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.14% | ★★★★★☆ |
Click here to see the full list of 20 stocks from our Top Indian Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
D. B
Simply Wall St Dividend Rating: ★★★★★☆
Overview: D. B. Corp Limited operates in newspaper printing and publishing, radio broadcasting, and digital news platforms for news and event management both in India and internationally, with a market cap of ₹62.41 billion.
Operations: D. B. Corp Limited generates revenue from its segments with ₹22.77 billion from printing, publishing, and allied businesses and ₹1.62 billion from radio broadcasting.
Dividend Yield: 4.9%
D. B. Corp Limited's dividend payments, while covered by earnings and cash flows with a payout ratio of 65.2% and a cash payout ratio of 57%, have been volatile over the past decade, indicating an unstable track record. Despite this, the company offers a competitive dividend yield of 4.85%, placing it among the top 25% in India. Recent financial performance shows growth, with net income rising to ₹1.18 billion for Q1 2024 from ₹787.59 million year-on-year.
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Click here to discover the nuances of D. B with our detailed analytical dividend report.
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Our expertly prepared valuation report D. B implies its share price may be lower than expected.
Redington
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Redington Limited offers supply chain solutions both in India and internationally, with a market cap of ₹144.08 billion.
Operations: Redington Limited's revenue is derived from various segments, including Information Technology products and services, Mobility products, and Consumer and Lifestyle products.
Dividend Yield: 3.4%
Redington Limited's dividends, covered by earnings (payout ratio of 39.8%) and cash flows (cash payout ratio of 50.6%), have grown over the past decade but remain volatile. The recent dividend declaration was ₹6.20 per share for FY2024, despite a slight decrease in net income to ₹2.46 billion for Q1 2024 from ₹2.49 billion year-on-year. Trading below fair value, Redington offers a dividend yield in the top quartile of Indian payers at 3.36%.