5 highest dividend paying stocks in India that one should know

Investing in high-dividend stocks can be a wise strategy for increasing wealth and generating passive income. To receive regular returns, many investors in India search for the stocks with the highest dividend. Because they provide both the possibility of capital growth and income through dividends, dividend stocks are popular.

Here are 5 highest dividend paying stocks in India

Company Name Market Cap (Rs. crores)  Stock Price (Rs.)
Coal India Ltd 2,95,194.69 479.15
Aster DM Healthcare Ltd 17,937.51 360.20
Xchanging Solutions Ltd 1,294.51 116.15
Oil and Natural Gas Corporation Ltd 3,27,716.27 260.40
HCL Technologies Ltd 3,87,647.06 1,431.50

 

Coal India Ltd

Coal India Ltd, with a market capitalization of Rs. 2,95,194.69 crores and a stock price of Rs. 479.15, is the world’s largest coal-producing company. Founded in November 1975, it operates under the authority of the Indian government’s Ministry of Coal and generates around 83% of India’s coal production.

Aster DM Healthcare Ltd

Aster DM Healthcare Ltd, a conglomerate operating in the healthcare sector in the Middle East and India, has a market capitalization of Rs. 17,937.51 crores and a stock price of Rs. 360.20. It is one of the highest dividend-paying stocks in India and operates hospitals, pharmacies, medical facilities and diagnostic centres, offering primary, secondary and tertiary healthcare, as well as management and consulting services.

Xchanging Solutions Ltd

Xchanging Solutions Ltd, with a market capitalization of Rs. 1,294.51 crores and a stock price of Rs. 116.15, offers business process outsourcing and information technology services. Its key services include software development, application deployment, maintenance and support, and strategic consulting.

Oil and Natural Gas Corporation Ltd

Oil and Natural Gas Corporation Ltd, founded on August 14, 1956, is the largest oil and gas exploration and production firm in India. With a market capitalization of Rs. 3,27,716.27 crores and a stock price of Rs. 260.40, this global oil and gas corporation, controlled by the Indian government, accounts for about 70% of India’s domestic production of natural gas and crude oil.

HCL Technologies Ltd

HCL Technologies Ltd was founded on August 11, 1976, by Shiv Nadar and is a renowned worldwide IT services company that provides software development, business process outsourcing and IT infrastructure management services. It has a market capitalization of Rs. 3,87,647.06 crores and a stock price of Rs. 1,431.50.

 

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.