Investors often chase multibagger Stocks with High Dividend Yield for capital appreciation, but steady dividend-paying companies can be just as rewarding, especially for those looking for consistent cash flow and long-term wealth creation.
Here are 8 Indian stocks offering attractive dividend yields as of the latest market data:
Vedanta
CMP: ₹436
Dividend Yield: 9.84%
Vedanta tops the list with the highest dividend yield, nearly touching double digits. Backed by strong cash flows from its natural resources business, the company has been a consistent dividend payer.
Indian Oil Corporation (IOC)
CMP: ₹142
Dividend Yield: 8.39%
One of India’s largest oil refining and marketing companies, IOC provides stability and reliable dividends, making it a go-to choice for income-seeking investors.
MSTC Ltd.
CMP: ₹556
Dividend Yield: 7.26%
Known for its e-commerce services in metals and scrap trading, MSTC’s dividend yield stands strong above 7%.
Bharat Petroleum Corporation Ltd. (BPCL)
CMP: ₹318
Dividend Yield: 6.56%
BPCL, a major PSU in the oil & gas sector, continues to reward shareholders with healthy dividends, supported by its strong market position.
Coal India
CMP: ₹397
Dividend Yield: 6.36%
As the world’s largest coal producer, Coal India ensures a stable dividend stream, making it a popular pick for investors looking at regular payouts.
Hindustan Zinc
CMP: ₹458
Dividend Yield: 6.28%
A subsidiary of Vedanta, Hindustan Zinc’s strong profitability from zinc and silver mining helps it maintain robust dividend payouts.
DB Corp Ltd.
CMP: ₹252
Dividend Yield: 5.23%
One of India’s leading print media companies, DB Corp, has steadily rewarded investors despite challenges in the media industry.
ONGC
CMP: ₹239
Dividend Yield: 5.08%
India’s largest oil & gas explorer, ONGC, rounds off the list. While energy sector volatility can impact earnings, ONGC’s long-term dividend track record remains intact.
Why Dividend Yield Matters
A higher dividend yield indicates the company is returning more cash to its shareholders relative to its stock price. For long-term investors, such stocks provide stable income along with potential capital appreciation.
