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In recent times, the Indian market has experienced a notable fluctuation, declining by 5.3% over the past week, yet showing a robust annual growth of 34%. Given these conditions and with earnings expected to grow by 16% per annum, investors might consider dividend stocks that promise consistent payouts as potentially stable additions to their portfolios amidst market volatility.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Balmer Lawrie Investments (BSE:532485) | 4.72% | ★★★★★★ |
| Bhansali Engineering Polymers (BSE:500052) | 4.29% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 4.78% | ★★★★★☆ |
| ITC (NSEI:ITC) | 3.20% | ★★★★★☆ |
| HCL Technologies (NSEI:HCLTECH) | 3.86% | ★★★★★☆ |
| Balmer Lawrie (BSE:523319) | 3.26% | ★★★★★☆ |
| D-Link (India) (NSEI:DLINKINDIA) | 3.15% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.79% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.45% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 4.13% | ★★★★★☆ |
Click here to see the full list of 23 stocks from our Top Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
D-Link (India)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: D-Link (India) Limited specializes in marketing and distributing D-Link branded networking products across various sectors including consumers, small businesses, and enterprises in India, with a market capitalization of ₹14.63 billion.
Operations: D-Link (India) Limited generates its revenue primarily from the sale of networking products, totaling ₹12.36 billion.
Dividend Yield: 3.2%
D-Link (India) announced a regular dividend of INR 8 and a special dividend of INR 5 per share for FY 2024, subject to shareholder approval at the upcoming AGM. Despite these increases, the company's dividend history has been unstable and unreliable over the past decade. However, both dividends are well-covered by earnings with a payout ratio of 30.7% and cash flows with a cash payout ratio of 38.6%. The share price has shown high volatility recently, which may concern some investors looking for stability in their dividend-paying stocks.
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Navigate through the intricacies of D-Link (India) with our comprehensive dividend report here.
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Upon reviewing our latest valuation report, D-Link (India)'s share price might be too pessimistic.
MPS
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: MPS Limited operates in content creation, production, and distribution services targeting publishers, learning companies, and various institutions across India, Europe, the US, and globally with a market capitalization of approximately ₹33.15 billion.
Operations: MPS Limited generates revenue through content creation, production, and distribution services aimed at publishers, learning companies, and various institutions across multiple regions including India, Europe, and the US.