09 Nov Top 20 High Dividend Stocks In India | Best Shares For High Dividend

Dividend is a part of profit that a company distributes among its shareholder. It may prove a source of passive income every year for a shareholder. A profit amount earned by a company can be used in 2 ways; First is Reinvesting in the business  and second is pay it to the shareholders of the company as the dividends. The company may consider to give part of its profit to its shareholders. Choosing a stock on basis of dividend is not a wise decision. A person should consider all parameters while considering to buy a stock. He/she should not prefer to invest in high dividend stocks only.

The dividend yield of a stock is calculated on its share price divided by the per share dividend paid by the company in the last 12 months.

Anyways we are presenting a list of high dividend stocks in India. These companies are very popular for its high dividend yielding. Some of these are PSU companies. As a shareholder, a person may enjoy extra income in form of dividend. This dividend amount is given on per share basis.Dividends are a source of a passive income for the shareholders. It seems interest on capital invested but it is not fixed like interest.

Suppose you have 1000 shares of an xyz company. A company declares dividend of 10/- per share. You will get 10000/- in your bank account.

Let’s have a look on high dividend payer companies:

Company name                                       Dividend Yield (%)

1. Taparia Tools                                                              457.00%
2. Xchanging Solutions                                                 15.5%
3. India Grid Trust                                                         10.1%
4. Indian Oil Corporation                                             8.3%
5. Chennai Petroleum Corporation                             8.8%
6. Vedanta                                                                         6.1%
7. Coal India                                                                     6.0%
8. Jagran Prakashan                                                       5.8%
9. BPCL                                                                             5.0%
10. VST Industries                                                            4.1%
11. ONGC                                                                           4.7%
12. Powergrid                                                                    3.6%
13. Redington                                                                    3.25%
14. REC                                                                               3.1%
15. ITC                                                                                2.9%
16. Gail                                                                               2.7%
17. Rites                                                                             2.7%
18. Bank Of Baroda                                                          3.0%
19. Hindustan Zinc                                                          2.6%
20. Infosys                                                                          2.5%

Note: Dividend yield is subject to change. It may change with change in stock price and dividend payouts.