Best High-Yield Dividend Stocks for Passive Income

Taparia Tools – A Small Player with Big Dividends: Taparia Tools may not be a market giant, but it stands out with one of the highest dividend yields at 11.57%. Despite its relatively modest market capitalization of Rs. 432 crore, the company continues to reward shareholders generously. Its strong profitability metrics, including an ROCE of nearly 48% and a 5-year ROE of 62%, make it a hidden gem for income-focused investors.

Coal India – A Dividend Titan Backed by Stability: Coal India, India’s largest coal producer, is a favorite among dividend seekers thanks to its massive 6.91% yield. With a market cap of over Rs. 2.36 lakh crore, the company’s consistent cash flows enable strong payouts. Despite a recent dip in quarterly profits, its dominant industry position and government backing ensure steady income for long-term investors.

Gujarat Pipavav Port – Maritime Income Generator: Gujarat Pipavav Port offers investors a 5.42% dividend yield, making it attractive in the logistics and port sector. While quarterly profits dipped slightly, sales growth and a high 5-year ROE of 99% show efficient capital use. For investors seeking steady cash returns along with exposure to India’s growing trade infrastructure, this stock is worth watching.

ONGC – Energy Giant Powering Dividends: Oil and Natural Gas Corporation (ONGC) remains one of India’s most reliable dividend-paying companies. Offering a 5.12% yield, it provides a steady stream of income despite global crude price volatility. With a massive market capitalization of nearly Rs. 3 lakh crore, ONGC is considered a defensive pick for passive income seekers in the energy space.

Ksolves India – High Yield from a Niche Tech Player: Ksolves India surprises many investors with its strong 5.11% dividend yield despite being a mid-sized IT services firm. Although quarterly profits saw a decline, its exceptional ROCE of 171% shows outstanding efficiency. For those willing to explore smaller tech firms with high shareholder returns, Ksolves stands out as an unconventional but rewarding pick.

REC and NMDC – Steady State-Owned Performers: REC delivers a 4.71% yield and has recently posted a strong 29% profit growth, reflecting stability in India’s infrastructure financing sector. NMDC, with a 4.65% yield, continues to benefit from the steel and mining boom, boasting robust quarterly sales growth of 24%. Both stocks exemplify how government-backed companies can offer consistent dividends for patient investors.

DB Corp & NALCO – Media and Metals for Passive Income: DB Corp, a media house, offers a 4.49% dividend yield, though profits have seen some volatility. In contrast, National Aluminium (NALCO) provides a 4.15% yield backed by strong sales and profit growth, supported by global aluminum demand. Together, they add diversification to a dividend portfolio by balancing cyclical and defensive sectors.

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