Are you looking to invest in the top dividend paying stocks? Well earning additional income from stocks with good dividend yield is the easiest way among investors. There are several best dividend stocks in India but how would you choose the stock that will generate a steady income source in the long-term. To answer your query we will discuss the top 10 companies with the highest dividend yield in the long term. This article will not only help you make informed decisions but also maximize your dividend and huge investment returns.
Top 10 Best Dividend Stocks for Long-term Growth
Here’s the list of 10 best dividend paying stocks in India for long-term growth.
1. Vedanta Ltd (NSE: VEDL)
Incorporated in 1965, Vedanta Ltd is one of the leading metal and mining companies in India with a market cap of Rs 1,74,520 crore. Talking about its dividend yield, Vedanta Ltd has around 6.32% dividend yield. The company has recently paid RS 20 as its third interim dividend payout on September 10 and Rs 35 so far this year.
2. Hindustan Zinc (NSE: HINDZINC)
Hindustan Zinc, a subsidiary of Vedanta Ltd is another metal and mining industry company that produces metals i.e zinc, silver, and lead etc. The company has a market cap of Rs 2,09,765 crore with a PE ratio of 25.66. The shares of Hindustan Zinc are currently trading at Rs 496.45. Hindustan Zinc has a dividend yield of 5.69% and the company has paid out two interim dividends so far of Rs 29.
3. ITC
ITC Ltd was established in 1910 is a fast moving consumer goods FMCG company that has a market cap of Rs 5,39,155 crore. The shares of ITC closed at Rs 511.10. ITC has a dividend yield of 2.74% with a PE ratio of 31.27. The company has already paid out its final dividend of Rs 7.5 in August and Rs 6.25, an interim dividend in February.
Also Read: Top Strong Order Stocks Under Rs 100
4. Power Grid Corporation (NSE:
Founded in 1989 Power grid corporation of India Ltd is a Maharatna public sector undertaking (PSU). Let us tell you that the Power grid works in the field of power transmission under the ownership of the ministry of power. With a market capitalization of Rs 3,14,592 crore, the company has a PE ratio of 20.18. Power grid is known for paying good dividends among investors. The company has a dividend yield of 3.41%. Power grid has given a total Rs 7.25 of dividend in 2024.
5. Motherson Wiring (NSE: MSUMI)
Motherson Sumi wiring was established in 2020 as a joint venture between Samvardhana Motherson International Limited and Sumitomo Wiring Systems Ltd. The company works in the field of iron and steel. It has a market cap of Rs 30,916 crore with a PE ratio of 46.56. Motherson Wiring has a dividend yield of 1.14% and has paid a final dividend amount of Rs 0.80 in August.
6. Coal India Ltd (NSE: COALINDIA)
Incorporated in 1975, Coal India Ltd is another (PSU) under the ownership of the Ministry of coal. The company operates in the field of mining and minerals. Let us tell you that Coal India Ltd is the largest coal producing company in the world. With a market capitalization of Rs 3,03,976 crore and PE ratio of 20.35. One of the most important things is that the president of India holds 63.13% of stake in this company. Coal India has a dividend yield of 5.17%. Talking about its dividend payout, Coal India has given Rs 10.25 this year.
7. Bharat Petroleum Corporation Ltd (NSE: BPCL)
Founded in 1976, Bharat Petroleum Corporation Ltd is an Indian (PSU) company. The company engaged in the business of refinery and exploration of petroleum products. BPCL has a market cap of Rs 1,47,789 crore and PE ratio of 7.72. Bharat petroleum generated a high dividend yield of 9.25% for investors this year. The company already has paid out a final dividend of Rs 10.5 in August this year. The President of India also holds 52.98% of stake in this company so future growth of this company seems promising.
8. Indian Oil Corporation Ltd (NSE: IOCL)
Indian Oil Corporation Ltd is another petroleum exploration Maharatna public sector undertaking company that is owned by the Government of India. It was established in 1964. IOCL has a market cap of Rs 2,42,631 crore and PE ratio of 8.51. The company has a dividend yield of 6.98% and has paid a final dividend of Rs 7 this year.
9. Oil and Natural Gas Corporation Ltd (NSE: ONGC)
Incorporated in 1955, Oil and natural gas Corporation Ltd (ONGC) is another Government of India owned company. ONGC is the largest oil and gas producer of India. It has a market cap of Rs 3,67,973 crore and PE ratio of 9.54. ONGC has generated a dividend yield of 4.19% and also paid two dividends of total Rs 6.5 this year. Currently the shares are trading at Rs 292.50.
10. DB Corp Ltd
India’s largest print media company Dainik Bhaskar Corporation Ltd was founded in 1958. The company engaged in the business of publishing newspapers, operation of radio stations etc. DB Corp has a market cap of Rs 6,077 crore and PE ratio of 13.11. DB corporation Ltd pays a handsome dividend to its investors and has generated a dividend yield of 3.14%. Talking about its dividend payout, DB Corp has already paid a total Rs 15 so far this year.
FAQs
What are the Highest Dividend Paying Stocks in India for Long-term?
There are several companies that pays handsome dividends in India including Vedanta Ltd, Coal India, DB Corp Ltd, BPCL, IOCL etc
What Stock Returns Highest Dividend?
Power Grid Corporation, Hindustan Zinc, ONGC, Motherson Sumi Wiring are some of the best dividend stocks for the long term.
What is the Best Dividend Stock of all time?
Vedanta Ltd and Hindustan Zinc are the best dividend stocks of all time.
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