In 2024, the Indian stock market offers a range of high dividend-paying stocks that can provide investors with a steady income stream and potential for long-term growth. Here is a detailed feature article on some of the best dividend stocks in India for 2024 based on the information gathered from various sources.
Best 10 high dividend-paying stocks in India
| Company | Sector | Market Cap (Rs. cr.) | Close Price (Rs.) | Dividend Yield |
|---|---|---|---|---|
| Coal India Ltd | Mining – Coal | 2,76,398.37 | 448.50 | 5.74% |
| Oil and Natural Gas Corporation Ltd (ONGC) | Oil & Gas – Exploration & Production | 3,45,328.66 | 274.50 | 4.22% |
| HCL Technologies Ltd | IT Services & Consulting | 3,58,000.27 | 1319.25 | 3.95% |
| Power Grid Corporation of India Ltd | Power Transmission & Distribution | 2,87,714.18 | 309.35 | 3.64% |
| ITC Ltd | FMCG – Tobacco | 5,36,343.63 | 429.60 | 3.57% |
| Infosys Ltd | IT Services & Consulting | 5,91,779.10 | 1425.45 | 3.23% |
| Tech Mahindra Ltd | IT Services & Consulting | 1,24,542.23 | 1275.00 | 2.86% |
| Hero MotoCorp Ltd | Two Wheelers | 1,00,965.21 | 5050.00 | 2.86% |
| Tata Steel Ltd | Iron & Steel | 2,05,790.95 | 162.85 | 2.15% |
| Tata Consultancy Services Ltd (TCS) | IT Services & Consulting | 14,11,777.75 | 3902.00 | 1.85% |
Note: The stock prices, market capitalization, and dividend data mentioned in this article are as of May 14, 2024, and are subject to change.
Key takeaways from top dividend-paying stocks
Investors looking for stable income and potential growth opportunities can consider these top dividend-paying stocks in India for 2024. These companies represent a mix of sectors and market caps, offering a diversified portfolio for income-focused investors.
Disclaimer: The information provided in this article is for educational and informational purposes only. Investing in the stock market involves risks, and investors should conduct their own research and consult with a financial advisor before making any investment decisions.
