Best Dividend Stocks in India [2024]: Top 10 high-yield stocks for steady income

Discover the top 10 best dividend stocks in India for 2024. Explore high-yield stocks from various sectors, including IT, FMCG, mining, and more. Learn about their market cap, close price, dividend yield, and dividend per share to make informed investment decisions.

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.