![Best 13 High Dividend paying stocks in India[Growth stocks]](https://dailybulls.in/wp-content/uploads/2023/04/dividend.jpg)
Best 13 High Dividend paying stocks in India[Growth stocks]
What are Stock dividend
Some generous companies (like ITC) pay their shareholders a portion of their profits through regular cash payments. Not only cash but dividend can also be in form of additional shares. Stocks that pay dividend are from financially stable and well-established companies Stocks of such companies are considered more conservative investments than companies which do not pay on at all. In this article we will explore some of the highest dividend paying stocks in India
Usually, dividend payments are made every quarter, although some companies pay them monthly or annually. The company’s board of directors determines the payment amount, which can vary yearly based on the company’s financial performance.
Stocks that pay Dividends
Reasons to include in portfolio
Having these stocks in your portfolio can give you a way to earn a regular income stream from these payments. This can offset market volatility and provide a steady source of returns. Dividend payments can also be reinvested to purchase additional shares of the stock, which can help to compound the investor’s returns over time.
I am including stocks with high dividend yield and consistent payout for our selection. Imagine holding a company with a high dividend yield but rarely paying dividends with declining financials. Nobody would want to hold such a company, right?
Which stock pays the highest dividend in India?
- Hinduja Global Solutions Ltd
- Vedanta
- REC
- TCS
- Akzo Nobel India Ltd
- Bayer CropScience Ltd
- Coal India Ltd
- ITC
- Mahanagar Gas Ltd
- NHPC Ltd
- Rites Ltd
- SJVN Ltd
- Tata Investment Corporation Ltd
Share this insight
Spread the Alpha
Related Articles
More ideas that align with your trading playbook.
Tata Elxsi Analysis – Best time to buy or wait?
In this article, we will analyse the technical and fundamental details of Tata Elxsi, an IT stock from the house of Tata…
7 ways to save taxes on Futures and Options trading
Who wouldn't want to save on those taxes? Especially in trading when the Turnover can easily cross tens of crores. Here are…
5 Best Penny Stocks in India to invest in 2023
Penny stocks can be a good investment if you are starting with the stock market or if you want to diversify your…
Great post 👍
Great post. Prakash steelage looks very good. I am holding it too but now will add more quantity.