Investing in dividend stocks is a great way to earn extra money without much effort. These stocks belong to companies that share a part of their profits with investors regularly. This can help people grow their wealth over time. Here are some of the best dividend stocks in India that can help you earn a steady income.
ITC is a well-known company that operates in various industries like FMCG, hotels, paperboards, packaging, and agriculture. It has a strong history of paying dividends to its investors.
Dividend Yield: 3% to 5%
Current Market Price (CMP): ₹410
Hindustan Zinc is one of the biggest producers of zinc and lead in the world. It is known for giving high dividend payouts, which makes it a great stock for passive income.
Dividend Yield: Exceeds 6%
Current Market Price (CMP): ₹412
Coal India is the biggest coal producer in the world and holds a dominant position in India. It regularly gives high dividends to its investors.
Dividend Yield: Exceeds 8%
Current Market Price (CMP): ₹361
The Power Grid is responsible for transmitting electricity across India. It has a strong record of paying dividends regularly.
Dividend Yield: 5% to 7%
Current Market Price (CMP): ₹259.10
ONGC is the biggest oil and gas exploration company in India. It benefits from high crude oil prices and provides steady dividend income.
Dividend Yield: Exceeds 6%
Current Market Price (CMP): ₹235.30
BPCL is a major oil marketing company that has a good track record of paying dividends. The company plays a key role in fuel distribution across the country. With rising energy consumption, BPCL continues to generate strong profits and offer good dividends.
Dividend Yield: 5% to 7%
Current Market Price (CMP): ₹255.45
Infosys is a leading IT services company that pays dividends to its investors regularly. It also does share buybacks.
Dividend Yield: 2% to 3%
Current Market Price (CMP): ₹1,840.65
IOCL is another oil marketing company with high dividend payouts. It operates one of the largest fuel distribution networks in India. The company benefits from government support and has a stable cash flow, making it a strong dividend-paying stock.
Dividend Yield: Around 7%
Current Market Price (CMP): ₹120.05
Sun TV Network is a popular media company that rewards its shareholders with generous dividends.
Dividend Yield: 4% to 6%
Current Market Price (CMP): ₹598
HDFC Bank is one of India's top private-sector banks. It provides moderate but consistent dividends to its investors. The bank has a strong loan portfolio and stable revenue from its financial services. HDFC Bank's long-term growth potential makes it a good stock for steady dividends.
Dividend Yield: 1.5% to 2.5%
Current Market Price (CMP): ₹1,698.95
Investing in dividend stocks is a smart way to earn passive income. However, it is essential to check the company's financial health and growth potential before investing. A mix of good dividend-paying stocks can help in building long-term financial stability.