Invest in Best Top 5 Highest Dividend Paying Stocks in India (2022).
Here is well researched List of Top 5 Highest Dividend Paying Stocks in India (2022). These Stocks have been consistently paying out dividend (6 to 12%) sorted on highest yield in the last 3 years.
List of Top 5 Highest Dividend Paying Stocks in India (2022)
| S# | Stock | Dividend Paid (%) |
| 1. | Indian Oil Corporation | 11.92% |
| 2. | Power Grid Corporation of India | 11.88% |
| 3. | Indus Towers Ltd., | 11.74% |
| 4. | India Tobacco Company Ltd., | 10.80 % |
| 5. | Tata Steel Ltd., | 5.92% |
What is Dividend?
Dividend is a regular earning against equity investment in a company. Companies Listed in Stock Market in India (BSE and NSE), pay Dividend to their Investors from the Company’s Net Profit. Dividend is an equal distribution of profit to Investors in proportion to number of shares held by them.
Why Invest in Highest Dividend Paying Stocks?
Beginners in Share Market have to be disciplined about their investment. They must Pick the Best Stocks to Buy and always invest in stocks with good fundamental and technically strong companies.
In share market, beginners should start with Investment strategy rather than Intraday Trading. One good source of income in Share Market is Dividend Earning.
Investors who are looking for regular monthly income from stocks can invest in some of the Highest Dividend Paying Stocks. It is similar to Monthly Income Scheme (MIS) of a Bank. Difference is that Banks Pay Interest and Companies Pay Dividend. Investment in Good Stocks will Yield Higher Monthly Income than any Bank.
Many People Ask:
- Which share pays highest dividend?
- Which are the best dividend paying stocks in India?
- Which Indian stocks give monthly dividends?
So, we have picked The Top 5 Highest Dividend Paying Stocks in India (2022). Have a Read at these Companies:
Top 5 Highest Dividend Paying Stocks in India (2022)
#1. Indian Oil Corporation
Indian Oil Corporation (IOC) is an integrated Oil Company in India. It is owned by Indian Government and maintained by Ministry of Petroleum and Natural Gas, Government of India. It is an Oil and gas explorer and production company. This company regularly pays Dividend to their investors.
In last 3 years, IOC has paid about 11.92% of dividend yield to his Investors.
Fundamentals of Indian Oil Corporation as per Current Share Price:
| Company | Market Cap (Rs) | P/E Ratio | Dividend Yield |
| Indian Oil Corporation Ltd., | 1.02 T | 3.97 | 10.51% |
#2. Power Grid Corporation of India
Power Grid Corporation of India (POWERGRID) is an Indian Statutory Corporation. It is maintained by Ministry of Power, Government of India. Power Grid is in Transmission and Distribution of Electricity.
In last 3 years, Power Grid has paid 11.88% of dividend yield to his Investors.
Fundamentals of Power Grid Corporation of India as per Current Share Price:
| Company | Market Cap (Rs) | P/E Ratio | Dividend Yield |
| Power Grid Corporation of India Ltd., | 1.46 T | 8.67 | 7.06% |
#3. Indus Towers Ltd.,
Indus Towers Ltd (INDUSTOWER) offers infrastructure services to Telecom Operators and other wireless broadband services. It was formerly known as Bharti Infratel Limited.
Indus Tower has paid 11.74% of dividend yield to his Investors in last 3 years.
Fundamentals of Indus Towers Ltd., as per Current Share Price:
| Company | Market Cap (Rs) | P/E Ratio | Dividend Yield |
| Indus Towers Ltd., | 584.35 B | 9.18 | 5.06% |
#4. India Tobacco Company Limited
India Tobacco Company Limited (ITC) is an Indian conglomerate company. ITC has presence in different industries like FMCG, Hotels, Agribusiness, Paperboard, Software and many more.
ITC has paid about 10.80% of dividend yield to his Investors in last 3 years.
Fundamentals of ITC as per Current Share Price:
| Company | Market Cap (Rs) | P/E Ratio | Dividend Yield |
| ITC Ltd., | 3.28 T | 21.50 | 4.32% |
#5. Tata Steel Ltd.,
Tata Steel (TATASTEEL) is a Steel making company. It is owned and maintained by Tata Group of Companies. Tata Steel is a leading Steel manufacturing company in India.
Tata Steel has paid about 5.92% of dividend yield to his Investors in last 3 years.
Fundamentals of Tata Steel as per Current Share Price:
| Company | Market Cap (Rs) | P/E Ratio | Dividend Yield |
| Tata Steel Ltd., | 1.04 T | 2.56 | 5.99% |
Check Out:
FAQs: Dividend
Is Dividend a Profit?
Yes, Dividend is percentage of a Company's Net Profit to its' Shareholders. It is generally distributed on quarterly basis in the form of cash or additional shares.
What Income is Dividend?
Dividend is Passive Portfolio Income. The Internal Revenue Service (IRS) considers dividend and interest received by investors as taxable income.
What is a Dividend vs Stock?
| Stock | Dividend |
| Stocks offer Dividends | Dividend is Income from Stocks |
| Not all stocks provide regular dividends. | Buying shares of stock that has paid dividends in past does not guarantee dividends. |
How does a Dividend Work?
Dividend is paid per share of stock. For Example - If an Investor Holds 100 shares in a company that pays $2 in quarterly cash dividends, he will receive $200 per quarter as dividend.
Conclusion
Above mentioned companies are Top 5 Highest Dividend Paying Stocks in India (2022) with Good Fundamentals and P/E Ratio.
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